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3205 W Espartero Way Phoenix, AZ 85086

5 Beds 3 Baths 3,098 sqft Built 2004

$550,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $177.53
  • 3 Days on Market
  • MLS # : 6198680
  • Updated Date : 02/27/2021 at 17:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,098 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Stunning centrally located Remodel in Tramanto !! This 5/3 w/pool&spa home is simply fabulous from the lovely Hickory hardwood floors on the first floor, the complete new gourmet kitchen w/ its own 50 sq ft Island w/ custom cherry wood detail,mouth blown glass pendant lights, gas pro range, soft close cabinets, stainless steel farm sink. Newer exterior paint. Newer water heater. New slider to picturesque backyard. Tesla leased solar system can convey or not. Surround sound system in family room & front room. 2 Nest thermostat.LED lighting throughout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342141

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,910
Property Tax -$329
Property Insurance -$88
HOA -$8
Property Management Fees -$99
CASH FLOW
-$74

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.

$550,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,509

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3603$2,4004$2,4005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3205 W Espartero Way Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,098 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,098 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.76
    •  
  • 36014 N 33rd Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,940 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 2421 W Night Owl Lane Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 35210 N 26th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 3014 W Rapalo Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,380 Sqft ∙ Built 2001
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.92
    •  
PROPERTY LISTING DETAILS
Candice Jenkins
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198680
Last Updated: 02/27/2021
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.

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