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3225 W Caravaggio Lane Phoenix, AZ 85086

5 Beds 4 Baths 3,707 sqft Built 2004

$489,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $131.91
  • 4 Days on Market
  • MLS # : 6171020
  • Updated Date : 12/31/2020 at 19:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,707 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Come see this spacious 5 bedroom, 3.5 bath home with a loft and true 3 car garage! No tandem garage here! This is one of the larger plans in Tramonto. With 3700 sq. ft., you have plenty of room for the whole family! Neutral ceramic tile is at the entry, walkways, kitchen & baths. The kitchen is extra large with plenty of cabinets. Granite counters overlook the family room. The downstairs master suite has a private rotunda entrance with a decorative tile floor inlay. The bath has a separate shower, oversized garden tub and two sinks with separate vanities. Leading upstairs is an open staircase with iron balusters.

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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

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

$440,100$537,900$489,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,804
Property Tax -$293
Property Insurance -$99
HOA -$9
Property Management Fees -$99
CASH FLOW
$326

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.

$489,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.54%

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$0.0$5.0k$10k$15k$20k$25k$30k

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$70,057

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
  • $2,586

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,5004$2,6005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3225 W Caravaggio Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,707 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36018 N 30th Avenue Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,533 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,533 Sqft ∙ Built 2003
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.58
    •  
  • 3022 W Gran Paradiso Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 2318 W Via Perugia -- Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,966 Sqft ∙ Built 2008
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
  • 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
Lori Froelich
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171020
Last Updated: 12/31/2020
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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