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3247 E Oraibi Drive Phoenix, AZ 85050

3 Beds 2 Baths 1,554 sqft Built 1995

$399,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $257.34
  • 4 Days on Market
  • MLS # : 6194238
  • Updated Date : 02/27/2021 at 06:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,554 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

GREAT LOCATION! This home is adorable! Vaulted ceilings, split floorplan, kitchen overlooks the family room, master bedroom features double sinks, separate shower/tub and walk in closet. Backyard is perfect for entertaining! Covered patio, grass yard and beautiful swimming pool! NEW ROOF! A/C is 8 years old, Water heater replaced 2016! This home will not disappoint!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,389
Property Tax -$252
Property Insurance -$58
HOA -$10
Property Management Fees -$99
CASH FLOW
$303

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.

$399,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.53%

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$52,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$1,9503$1,9954$2,1105$2,150
$2,150
RENT COMPS ANALYSIS
  • 3247 E Oraibi Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.36
    •  
  • 3227 E Topeka Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1991
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.37
    •  
  • 3137 E Oraibi Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1997
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.38
    •  
  • 3402 E Oraibi Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
  • 19427 N 33rd Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
PROPERTY LISTING DETAILS
Gloria E. Guerrero
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194238
Last Updated: 02/27/2021
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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