Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3179 E Rose Lane Phoenix, AZ 85016

2 Beds 3 Baths 1,937 sqft Built 1984

$765,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $394.94
  • 5 Days on Market
  • MLS # : 6197653
  • Updated Date : 02/28/2021 at 02:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,937 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Biltmore location and the perfect house for full-time or part-time residents. Beautiful 2 bedroom + den, 2 bath +powder room house in the Biltmore area of Biltmore Greens III. Development has full-time guarded gate entrance. Fabulous layout with vaulted ceilings and large bedrooms. House is on corner lot and backs to private wash. Front yard is maintained by the association. Enjoy all the benefits of living in this quite oasis close to golfing, dining, shopping and a short drive to Old Town Scottsdale and Downtown Phoenix.Showings begin Sat Feb27 & Feb 28th. Don't miss this one.*Furniture available for sale on separate bill of sale*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Greens III

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800kPrice in $91k848k

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

Neighborhood: Biltmore Greens III

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9343720

* 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
Madison Heights Elementary School Primary Regular 538 30 8
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,657
Property Tax -$557
Property Insurance -$65
HOA -$490
Property Management Fees -$99
CASH FLOW
-$798

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.

$765,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$804

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,925

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,650
$2,650
RENT COMPS ANALYSIS
  • 3179 E Rose Lane Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,937 Sqft ∙ Built 1984 2 beds 3 baths ∙ 1,937 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2417 E Rancho Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,789 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,789 Sqft ∙ Built 1981
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.40
    •  
  • 3015 E Coolidge Street #5 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,634 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,634 Sqft ∙ Built 1988
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.62
    •  
PROPERTY LISTING DETAILS
Debra A Radway
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197653
Last Updated: 02/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy