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3331 E Rosemonte Drive Phoenix, AZ 85050

4 Beds 2 Baths 2,111 sqft Built 1992

$509,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $241.12
  • 3 Days on Market
  • MLS # : 6193934
  • Updated Date : 02/20/2021 at 19:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,111 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Single level One owner. 4 bedrm 2 full baths. Spacious open split floorplan. Carpet and tile replaced 2019. Kitchen updated with granite countertops, tile backsplash.. Updated master bath with quartz countertop and built in vanity.. 2nd bath with direct access to pool. 3 car garage with utility door.. Plantation shutters. Family room with fireplace, tiled facade, and built-ins. Master bedroom with walk-in closet. Pool with in floor cleaning system. Pool motor and filter replaced 2019. Extended cool deck. Oversized backyard. Covered patio.. Water softener. No HOA. Owner downsizing. Some furniture available under separate bill of sale. Conveniently located near 51 & 101 freeways, Desert Ridge, City North, Mayo Clinic,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Horizon

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k381k

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

Neighborhood: Paradise Valley Horizon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341999

* 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
 

$458,100$559,900$509,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,768
Property Tax -$321
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$106

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.

$509,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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-$5.0k$0.0$5.0k$10k$15k$20k

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$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,768

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$20,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,301

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,955
1$1,9552$2,0003$2,1504$2,2005$2,695
$2,695
RENT COMPS ANALYSIS
  • 3331 E Rosemonte Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
  • 3918 E Rockwood Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,955
    • $1.02
    •  
  • 18825 N 34th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1986
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 3721 E Taro Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 3104 E Wescott Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1995
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.31
    •  
PROPERTY LISTING DETAILS
Shawn T Delaney
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193934
Last Updated: 02/20/2021
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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