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3312 N Randolph Road Phoenix, AZ 85014

4 Beds 2 Baths 2,461 sqft Built 2017

INVESTimate

$699,000

List Price

$2,160

$1,944 - $2,376

Rent Est.

$760,162  ( +8.75%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $284.03
  • 14 Days on Market
  • MLS # : 6113959
  • Updated Date : 08/25/2020 at 15:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home! This modern gem is nestled on a 1/4 lot parcel between the beautiful Phoenix Country Club and charming Cheery Lynn Historic District! The home was thoughtfully reconstructed in 2017 with precision and taste. No expense was spared when selecting the numerous upgrades throughout this home; beginning with the upgraded curb appeal which invites you with a warm welcome. Impressive kitchen upgrades include soft closing white-shaker cabinetry, a custom Marble 12-foot island centerpiece and high end stainless steel appliances; including a Wolf gas range. This spacious split floorplan boasts 10 ft ceilings throughout, large master en-suite with a private exit, custom marble shower and a classic cast iron foot soaking tub.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Randolph Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k318k

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

Neighborhood: Randolph Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,579
Property Tax -$368
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$961

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$699,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.75%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$386

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,842

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,160
1$2,1602$2,4503$2,5004$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3312 N Randolph Road Phoenix, 1
    • 4 beds 2 baths ∙ 2,461 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,461 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.88
    •  
  • 920 E Mitchell Drive #105 Phoenix, 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2008
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 4437 N 24th Place #71 Phoenix, 3
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 2444 E Montecito Avenue Phoenix, 4
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 2608 E Turney Avenue #5 Phoenix, 5
    • 3 beds 4 baths ∙ 2,219 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,219 Sqft ∙ Built 2010
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.17
    •  
PROPERTY LISTING DETAILS
Katie Baccus
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113959
Last Updated: 08/25/2020
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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