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3333 W Long Rifle Road Phoenix, AZ 85086

3 Beds 3 Baths 2,595 sqft Built 2004

$725,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $279.38
  • 3 Days on Market
  • MLS # : 6193435
  • Updated Date : 02/26/2021 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,595 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning custom home available on an acre of property in north Phoenix. Live the life you dream of, surrounded by open spaces and breathtaking mountain views, all within minutes of metropolitan conveniences. Beautiful inside and out this 3 bed/3 bath territorial style gem features an enchanting gated courtyard followed by double door entry to the impressive foyer. Spacious circular living area is enhanced with a built in entertainment center and a charming fireplace. Trey ceilings, walls of windows, and diagonal tile and wood flooring throughout. Gorgeous granite kitchen with gas cooking and a large island w/ breakfast bar. Owners suite includes an elegant, spa inspired ensuite. Incredible backyard features a covered patio, a built in bbq, and a sparkling pool. See it and make it yours

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,518
Property Tax -$565
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$740

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.

$725,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,290

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,1905$2,250
$2,250
RENT COMPS ANALYSIS
  • 3333 W Long Rifle Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,595 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3045 W Leisure Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 3010 W Languid Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 3418 W Languid Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.90
    •  
  • 35710 N 30th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
PROPERTY LISTING DETAILS
Vonda L Brooks
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193435
Last Updated: 02/26/2021
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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