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3335 E Brookwood Court Phoenix, AZ 85048

3 Beds 2 Baths 2,063 sqft Built 1995

$565,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $273.87
  • 4 Days on Market
  • MLS # : 6206247
  • Updated Date : 03/18/2021 at 14:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,063 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Perfect home to entertain! Open kitchen with a large granite countertop space, a wide gas cooktop, wall oven, wine & French door fridge. Pass through the kitchen window to the built-in bbq with a side burner and outdoor pot filler. Gather even more guests with another bar area out back next to the pool and keep them cozy with multiple outdoor fireplaces and televisions! When it's time to unwind from all this play, enjoy the pebble-tec pool, or come inside to the spa-like master bath. The house also offers excellent storage opportunities with a bank of outdoor built-in compartments. Enjoy the peace of mind of having a brand-new roof, new interior shutters, new AC unit, recent exterior paint job, brand new garage door and an overall well-maintained home in the coveted Lakewood community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,962
Property Tax -$402
Property Insurance -$67
HOA -$6
Property Management Fees -$99
CASH FLOW
-$597

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.

$565,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,178

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,037

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,9404$1,9955$2,300
$2,300
RENT COMPS ANALYSIS
  • 3335 E Brookwood Court Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.94
    •  
  • 3324 E Long Lake Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 1996
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 3537 E Verbena Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1987
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.99
    •  
  • 3233 E Brookwood Court Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 3510 E Lakewood Parkway W #106 Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2011
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jennifer Joseph
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206247
Last Updated: 03/18/2021
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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