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3244 E Maldonado Drive Phoenix, AZ 85042

3 Beds 3 Baths 1,840 sqft Built 2000

$375,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $203.80
  • 2 Days on Market
  • MLS # : 6170203
  • Updated Date : 12/12/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Rare opportunity in gated community of Ravenswood Patio Homes! Lovely home on a PREMIUM lot with SPECTACULAR views of award-winning luscious green Raven Golf course. This detached home features a low maintenance yard, open fl. plan, high ceilings, tile flooring. Kitchen has an eat-in large breakfast bar and lots of storage! Nestle up to the cozy fireplace with a hot cup of cocoa. CONVENIENT access to patio from great room and owner's suite. Dual owner's suite split floor plan, large walk-in closets, dual sink vanity. Amenities includes lighted walking paths, common areas, community pool and spa. Access to I-10, Sky Harbor Airport and more. BEST OFFER WILL BE CONSIDERED.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ravenswood Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Ravenswood Patio Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Cloves C. Campbell Sr. Elementary School Primary Regular 577 28 5
Cloves C. Campbell Sr. Elementary School Middle Regular 577 28 5
South Mountain High School High Regular 1,706 102 2

Cloves C. Campbell Sr. Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

Cloves C. Campbell Sr. Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,384
Property Tax -$244
Property Insurance -$63
HOA -$95
Property Management Fees -$99
CASH FLOW
-$114

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.

$375,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,871

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,7704$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3244 E Maldonado Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,840 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.96
    •  
  • 3848 E Pollack Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 2719 E Donner Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2010
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 7427 S 27th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 2011
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 6827 S 39th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jay Jasper
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170203
Last Updated: 12/12/2020
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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