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3308 E Marilyn Road Phoenix, AZ 85032

3 Beds 2 Baths 1,064 sqft Built 1962

$249,999

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $234.96
  • 2 Days on Market
  • MLS # : 6162959
  • Updated Date : 11/21/2020 at 10:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 1 full , 1 half
Listing Agent

A.z. & Associates

Listing Agent's Description

Fantastic opportunity to own this 3bed/1.75bath Phoenix home is the Paradise Valley School district. Charming curb appeal leads you into the light and bright interior featuring a fluid open floorplan, crisp white paint and tile in all the right places. Well appointed eat in kitchen boasts an abundance of white cabinetry. Nicely sized bedrooms and updated bathrooms. The expansive low maintenance backyard is ready for all your personal touches. Great location, easy access to dining, shopping, parks, schools, hiking, freeways and so much more. Don't miss out on this gem. See it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Paradise Valley Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

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

$224,999$274,999$249,999

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$922
Property Tax -$157
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$37

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.

$249,999

PROJECTED PRICE

$1,190

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$14,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,202

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,2503$1,2994$1,3955$1,465
$1,465
RENT COMPS ANALYSIS
  • 3308 E Marilyn Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.12
    •  
  • 3507 E Greenway Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 1979
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 3638 E Presidio Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.22
    •  
  • 3510 E Ludlow Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 14813 N 35th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $1.06
    •  
PROPERTY LISTING DETAILS
Craig Morton
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162959
Last Updated: 11/21/2020
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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