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3234 W Redbird Road Phoenix, AZ 85083

5 Beds 3 Baths 4,110 sqft Built 2001

$499,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $121.63
  • 2 Days on Market
  • MLS # : 6178977
  • Updated Date : 01/09/2021 at 05:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,110 sqft
  • Baths : 2 full , 1 half
Listing Agent

Breinholt May Realty & Investments

Listing Agent's Description

This is it! MASSIVE home. Over 4k sqft, 5 bedrooms plus an office! Huge RV Parking area! Everything is brand new. Remodel includes new high end Luxury Vinyl Plank flooring, new carpet, new Quartz countertops, new hardware and fixtures throughout, beautifully remodeled master bathroom shower, new paint inside and out! Move in ready to fit the whole family!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Arizona Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342022

* 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
Stetson Hills School Primary Regular 1,083 55 9
Stetson Hills School Middle Regular 1,083 55 9
Sandra Day O'connor High School High Regular 2,481 108 6

Stetson Hills School

  • Education Level: Primary
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Stetson Hills School

  • Education Level: Middle
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,736
Property Tax -$299
Property Insurance -$107
HOA -$13
Property Management Fees -$99
CASH FLOW
$115

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.

$499,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$38,290

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
  • $2,240

    COMP ESTIMATED VALUE
  • $0.55

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,195
$2,195
RENT COMPS ANALYSIS
  • 3234 W Redbird Road Phoenix, AZ 1
    • 5 beds 3 baths ∙ 4,110 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,110 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3351 W Lucia Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,925 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,925 Sqft ∙ Built 2003
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.53
    •  
  • 2239 W Blaylock Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,920 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,920 Sqft ∙ Built 2005
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.56
    •  
PROPERTY LISTING DETAILS
Jacob Winters
Breinholt May Realty & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178977
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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