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3217 E Oraibi Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,019 sqft Built 1995

$449,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $222.39
  • 3 Days on Market
  • MLS # : 6169922
  • Updated Date : 12/18/2020 at 09:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,019 sqft
  • Baths : 3 full
Listing Agent

Real Estate Research Realty

Listing Agent's Description

Impeccably maintained, single-owner home located in the high-demand Desert Canyon community. This 4 bedroom, 3 full bathroom home sparkles with porcelain tile floors, vaulted ceilings, bay windows, and an eat-in kitchen. The low-maintenance, desert-landscaped front yard compliments the resort-style back yard, including a heated Pebble Tec pool and spa, with an expansive covered patio and stylish ceiling fans. Numerous updates to the home were completed in 2017, including new granite bathroom countertops, refaced bathroom and kitchen cabinets, fresh exterior paint and window security covers, new carpet and $15,000 in plantation shutters throughout and the large covered patio addition to the back yard. The main living area boasts a gorgeous two-sided fireplace, with one side framed in marble

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,657
Property Tax -$283
Property Insurance -$67
HOA -$10
Property Management Fees -$99
CASH FLOW
-$65

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.

$449,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$25,281

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9303$2,0004$2,0505$2,095
$2,095
RENT COMPS ANALYSIS
  • 3217 E Oraibi Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
  • 3707 E Kristal Way Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2007
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.02
    •  
  • 19638 N 37th Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 18825 N 34th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3506 E Kerry Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
PROPERTY LISTING DETAILS
Connie Jungbluth
Real Estate Research Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169922
Last Updated: 12/18/2020
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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