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3145 E Dry Creek Road Phoenix, AZ 85048

4 Beds 3 Baths 2,893 sqft Built 1986

$579,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $200.14
  • 3 Days on Market
  • MLS # : 6170452
  • Updated Date : 12/12/2020 at 05:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,893 sqft
  • Baths : 3 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Elegant Awhatukee home features 4 spacious bedrooms, 3 baths, and an airy bonus loft area. The private backyard has a recently upgraded Pebble Tec pool, and heated spa that backs to open space, the large grassy area and covered patio leave plenty of room for entertaining family and friends. This formal model home is light and bright with vaulted ceilings on the main level, creating a dramatic entry for guests upon opening the front door. The updated kitchen is combined with a family room and breakfast nook making it the ideal spot for families to gather. Retreat to the master bedroom to lounge in the seating area, take in the desert views, and pamper yourself in the full master bathroom and a walk-in closet. The home also features a private guest suite, covered patio, balcony, & RV gate.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highlands at Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k439k

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

Neighborhood: Highlands at Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342051

* 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
Kyrene Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,136
Property Tax -$412
Property Insurance -$84
HOA -$5
Property Management Fees -$99
CASH FLOW
-$165

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$579,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$25,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,596

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,5004$2,5705$2,750
$2,750
RENT COMPS ANALYSIS
  • 3145 E Dry Creek Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.89
    •  
  • 2547 E Taxidea Way Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 2724 E Mountain Sky Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 3532 E Brookwood Court Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 2758 E Windmere Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
PROPERTY LISTING DETAILS
Josef M Szabo
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170452
Last Updated: 12/12/2020
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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