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3239 W Adobe Dam Road Phoenix, AZ 85027

3 Beds 2 Baths 2,704 sqft Built 2001

$484,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $179.33
  • 2 Days on Market
  • MLS # : 6153523
  • Updated Date : 11/28/2020 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,704 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

AMAZING BUY COMING SOON! Seller is finishing up some final touches before going live on the market. There will be more information and photos to follow. You may want to add this one to the top of the list to see! It's really hard to beat this buy under 500K backing to an open wash and a three car garage, all in a great neighborhood with very little traffic. Extremely open floorplan and the seller added hardwood looking tile. Amazing open floorplan with massive island adjacent to the spacious family room looking out the large grassy yard with trees and professional landscaping. House backs to Adobe Dam with view fencing so it feels like you have a half an acre but only have to maintain the back yard. The front yard has synthetic grass for low maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Adobe Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k383k

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

Neighborhood: Adobe Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342039

* 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
Desert Sage Elementary School Primary Regular 590 35 7
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Desert Sage Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 35
7
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

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

$436,410$533,390$484,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,789
Property Tax -$290
Property Insurance -$80
HOA -$11
Property Management Fees -$99
CASH FLOW
-$269

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.

$484,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.8%
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-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,249

INVESTMENT

$134,249

Down Payment
$121,225
Rehab Estimate
$5,750
Closing Costs
$7,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,225
Loan Amount $363,675
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$12,479

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
  • $2,170

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9954$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3239 W Adobe Dam Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 23631 N 41st Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,379 Sqft ∙ Built 1987
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 21047 N 33rd Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1997
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.82
    •  
  • 3311 W Knudsen Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 22815 N Romo Loop Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.74
    •  
PROPERTY LISTING DETAILS
David B Rucker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153523
Last Updated: 11/28/2020
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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