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333 E Tierra Buena Lane Phoenix, AZ 85022

4 Beds 3 Baths 2,444 sqft Built 1979

$699,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $286.37
  • 5 Days on Market
  • MLS # : 6198303
  • Updated Date : 03/01/2021 at 15:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,444 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Welcome home! This charming home is situated just around the corner from the highly sought after community of Moon Valley in Phoenix! Featuring tasteful tile throughout, vaulted ceilings, your own private office/bonus room with a spacious, open, split floorplan...these sellers didn't skip a beat! Your new home also comes equipped with a beautifully remodeled kitchen with quartz counters & stainless steel appliances. The back yard is your own private oasis completely sheltered by beautiful vines. Lets not forget the sparkling pool complete with pavers & an amazingly cozy pergola just put up in 2018! The guest bedrooms' flooring was all just installed in 2021 & so was the pool bathroom remodel! The list of updates could go on but by then you'll have already missed out! Schedule your showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k475k

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

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342134

* 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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$629,910$769,890$699,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$2,431
Property Tax -$418
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$862

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.

$699,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$365

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
  • $2,358

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1604$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 333 E Tierra Buena Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.88
    •  
  • 101 W Kathleen Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 16009 N 7th Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 209 E Coral Gables Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 14624 N 7th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 1987
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Alexis Sprofera
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198303
Last Updated: 03/01/2021
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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