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3211 E Marconi Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,623 sqft Built 1993

$330,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $203.33
  • 8 Days on Market
  • MLS # : 6186710
  • Updated Date : 02/06/2021 at 00:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,623 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Do not miss this rare find in 85032. The charm starts as you walk up the front entrance, which could easily become a private courtyard. Inside, you will find a fireplace in the family room, vaulted ceilings (even in the bedrooms), formal dining and an eat-in kitchen. The master bdrm has ensuite bath w/double sinks, separate shower/tub, and large walk in closet. The backyard has a built in bbq, a nice shade tree, and grass. Easy access to the SR51, and minutes to Desert Ridge Shopping/Dining.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Trails

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Paradise Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,146
Property Tax -$208
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$78

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.

$330,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$27,265

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
  • $1,704

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,5504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 3211 E Marconi Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16021 N 30th Street #119 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 16015 N 30th Street #123 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2006
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
  • 3316 E Tierra Buena Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2001
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.05
    •  
  • 15704 N 33rd Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2000
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
PROPERTY LISTING DETAILS
Melissa J Madsen
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186710
Last Updated: 02/06/2021
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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