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3236 E Oraibi Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,019 sqft Built 1995

$425,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $210.50
  • 3 Days on Market
  • MLS # : 6192564
  • Updated Date : 02/13/2021 at 21:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,019 sqft
  • Baths : 3 full
Listing Agent

Long Realty Partners

Listing Agent's Description

Fabulous remodel is move-in ready! Perfect floorplan offers every feature you desire! One full bedroom and bath downstairs! Upstairs Master plus two more spacious bedrooms w/ a Jack & Jill bath. Nearly $50,000 in recent updates. Gorgeous quartz counters, stainless appliances, gas stove, large pantry, new carpet, fresh paint, new 5 ton A/C, dual-sided gas fireplace, bay windows, vaulted ceilings, whole house water filter, large under-stair storage. Master has his & hers closets, separate tub & shower, beautiful quartz countertops. New screens on the windows. Extended covered patio. Gorgeous new easy-care turf in the front yard. Located near shopping, restaurants, and easy access to 101 and 51.

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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

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

Paradise Valley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,476
Property Tax -$268
Property Insurance -$67
HOA -$10
Property Management Fees -$99
CASH FLOW
$241

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.

$425,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.51%

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$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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$47,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,408

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1603$2,2004$2,6955$2,700
$2,700
RENT COMPS ANALYSIS
  • 3236 E Oraibi Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.07
    •  
  • 3506 E Kerry Lane Phoenix, AZ 1
    • 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
    •  
  • 3942 E Wescott Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 3104 E Wescott Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1995
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.31
    •  
  • 3316 E Blackhawk Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
PROPERTY LISTING DETAILS
Michelle M Campbell
Long Realty Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192564
Last Updated: 02/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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