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3140 W Zachary Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,600 sqft Built 1998

$329,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $206.19
  • 1 Days on Market
  • MLS # : 6160808
  • Updated Date : 11/14/2020 at 18:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous home in highly sought-after neighborhood of Foothills North. No HOA - bring your toys! Spacious home has 3 bedrooms, 2 baths great floorplan, formal dining and living space, vaulted and 9ft ceilings throughout. The kitchen has a large pantry and opens to family room with eat in kitchen & breakfast room perfect for entertaining. This lovely home has new exterior & interior paint, new carpet throughout, new appliances, new countertops. Enjoy some time on your patio or take a dip in your private pool. Enjoy the bike paths along the wash. Location is close to I-17, Loop 101, Arrowhead Mall, & other shopping/dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7521567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Paseo Hills School Primary Regular 959 56 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,217
Property Tax -$197
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$42

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$329,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$20,896

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,530

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5453$1,5504$1,5955$1,750
$1,750
RENT COMPS ANALYSIS
  • 3140 W Zachary Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.96
    •  
  • 3210 W Ross Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1987
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.09
    •  
  • 3230 W Ross Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1988
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 22013 N 29th Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2003
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 3041 W Horsham Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Robert Engstrom
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160808
Last Updated: 11/14/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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