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3319 W Donner Drive Phoenix, AZ 85041

3 Beds 2 Baths 2,595 sqft Built 2018

INVESTimate

$424,990

List Price

$1,680

$1,512 - $1,848

Rent Est.

$450,319  ( +5.96%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $163.77
  • 8 Days on Market
  • MLS # : 6119766
  • Updated Date : 08/19/2020 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,595 sqft
  • Baths : 2 full
Listing Agent

Woodside Homes Sales Az, Llc

Listing Agent's Description

Model Home for Sale! The Lookout model features three bedrooms, two bathrooms, spacious den, and extended laundry room! Impress family and friends with your modern kitchen, featuring grey cabinets, tile backsplash, white quartz countertops, island, and stainless steel appliances! Enjoy elegant design features, such as wood-look plank tile flooring throughout with upgraded carpet in the bedrooms, designer accent walls, and extended covered patio! Unwind in your private master oasis, featuring TWO walk-in closets, dual sinks, and a separate tub and shower!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Laveen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8471567

* 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
Bernard Black Elementary School Primary Regular 843 35 2
Bernard Black Elementary School Middle Regular 843 35 2
Cesar Chavez High School High Regular 2,575 131 3

Bernard Black Elementary School

  • Education Level: Primary
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Bernard Black Elementary School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$382,491$467,489$424,990

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,568
Property Tax -$276
Property Insurance -$78
HOA -$119
Property Management Fees -$99
CASH FLOW
-$460

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.

$424,990

PROJECTED PRICE

$1,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.96%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,372

INVESTMENT

$118,372

Down Payment
$106,248
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,248
Loan Amount $318,743
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,726

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5953$1,6504$1,6805$1,800
$1,800
RENT COMPS ANALYSIS
  • 3319 W Donner Drive Phoenix, 4
    • 3 beds 2 baths ∙ 2,595 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,595 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.65
    •  
  • 3316 W Ian Drive Laveen, 1
    • 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,250 Sqft ∙ Built 2004
    LEASED 02/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.62
    •  
  • 3010 W Glass Lane Phoenix, 2
    • 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 2005
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.71
    •  
  • 3632 W Saint Charles Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2004
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.66
    •  
  • 3215 W Saint Anne Avenue Phoenix, 5
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2005
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.67
    •  
PROPERTY LISTING DETAILS
Beth S. March
Woodside Homes Sales Az, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119766
Last Updated: 08/19/2020
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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