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3232 W Rose Lane Phoenix, AZ 85017

3 Beds 2 Baths 1,506 sqft Built 1958

$256,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $169.99
  • 4 Days on Market
  • MLS # : 6156401
  • Updated Date : 11/05/2020 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Fall in love with this awesome red brick home near GCU! Boasting RV gate/parking and grassy front yard with mature trees. In the beautiful interior you will find great room with tons of natural light, 3 gorgeous bedrooms, plus a bonus room with seperate entrance, and 2 lovely baths. The ample kitchen showcases granite counter-tops & back-splash, a plethora of cabinets, and walk-in pantry. Enchanting main bedroom has its own master bath including a tiled shower and track lighting in vanity. One of the guest bedrooms is split and offers sliding doors that opens to backyard, can easily be used as game room!! Fantastic backyard features covered patio, storage shed, mature trees, and green grass area. Don't wait too long to book your showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Ocotillo Elementary School Primary Regular 789 36 2
Palo Verde Middle School Middle Regular 925 46 3
Washington High School High Regular 1,714 73 4

Ocotillo Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 36
2
GreatSchools Rating

Palo Verde Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 46
3
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$230,400$281,600$256,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$945
Property Tax -$153
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$83

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.

$256,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,590

INVESTMENT

$73,590

Down Payment
$64,000
Rehab Estimate
$5,750
Closing Costs
$3,840

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$945

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,000
Loan Amount $192,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,303

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,1993$1,2494$1,4355$1,450
$1,450
RENT COMPS ANALYSIS
  • 3232 W Rose Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.78
    •  
  • 3741 W Luke Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1954
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.87
    •  
  • 3926 W Mclellan Boulevard Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1960
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.88
    •  
  • 2929 W Rancho Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1952
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.86
    •  
  • 3043 W Tuckey Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Ashley Hacker
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156401
Last Updated: 11/05/2020
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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