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3228 E Delcoa Drive Phoenix, AZ 85032

4 Beds 2 Baths 1,535 sqft Built 1962

$314,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $205.15
  • 5 Days on Market
  • MLS # : 6164756
  • Updated Date : 11/27/2020 at 14:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,535 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Gorgeous 4 bed/2 bath home in Phoenix features fresh paint throughout, open floorplan w/ bonus room, and lots of natural light. Inside you're greeted by a spacious living area, perfect for entertaining. The eat-in kitchen boasts updated cabinets, granite counters, decor glass backsplash & lots of lighting. The large utility room is complete w/ folding area & cabinets for storage. The Owner's Suite features separate closets, built-in cupboards & updated bathroom. The rear yard has a huge covered patio, grassy area, fire pit & oversize storage shed. There's also an RV gate, lots of parking & low-maintenance landscaping. Located close to great schools, hiking / walking trails, shopping, dining & entertainment + quick access to the 51 freeway. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Indian Bend Elementary School Middle Regular 571 35 5
Shadow Mountain High School High Regular 1,390 67 3

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Indian Bend Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$283,410$346,390$314,900

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 -$1,162
Property Tax -$198
Property Insurance -$57
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 14% of earned rent to cover both maintenance and periods of vacancy.

$314,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$31,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,7503$1,7504$1,7755$1,900
$1,900
RENT COMPS ANALYSIS
  • 3228 E Delcoa Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.04
    •  
  • 3463 E Thunderbird Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.22
    •  
  • 3033 E Dahlia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 2901 E Willow Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.13
    •  
  • 2810 E Willow Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1973
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.15
    •  
PROPERTY LISTING DETAILS
David S Mendel
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164756
Last Updated: 11/27/2020
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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