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3236 W Vineyard Road Phoenix, AZ 85041

3 Beds 3 Baths 2,214 sqft Built 2003

$355,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $160.34
  • 4 Days on Market
  • MLS # : 6190818
  • Updated Date : 02/11/2021 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,214 sqft
  • Baths : 2 full , 1 half
Listing Agent

Az Lane Realty

Listing Agent's Description

Own your own personal resort oasis. Gorgeous 3 Bed/3 Bath Phoenix home backing to large Laveen Village Park. Immaculate home inside & out. Open-concept flowing floor plan offers a formal living/dining area with soaring ceilings, and a spacious great room with a sunken family room. Beautiful wood flooring in all the right places. Spacious kitchen boasts new stainless steel appliances, a plethora of warm wood cabinetry and breakfast bar seating. Upstairs you will find a loft, full of possibilities. Lovely master retreat includes en suite with dual sinks, soaking tub and separate shower. Enjoy your own gorgeous private balcony overlooking the park & oasis. The amazing outdoor entertaining space is complete with a covered patio, sparkling pool and gorgeous lush landscaping. This gem has it all

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silverstone Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Silverstone Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8521567

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$319,500$390,500$355,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,233
Property Tax -$231
Property Insurance -$70
HOA -$54
Property Management Fees -$99
CASH FLOW
-$87

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.

$355,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,732

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6494$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 3236 W Vineyard Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,214 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 3124 W Maldonado Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.75
    •  
  • 3217 W T Ryan Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.81
    •  
  • 5725 S 32nd Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 3334 W Saint Anne Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
PROPERTY LISTING DETAILS
Andrew Lane
Az Lane Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190818
Last Updated: 02/11/2021
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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