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3353 E Oraibi Drive Phoenix, AZ 85050

3 Beds 2 Baths 1,834 sqft Built 1994

$425,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $231.73
  • 3 Days on Market
  • MLS # : 6174440
  • Updated Date : 12/25/2020 at 13:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,834 sqft
  • Baths : 2 full
Listing Agent

Long Realty West Valley

Listing Agent's Description

REMODELED 3 BEDROOM, 2 BATH GREAT ROOM FLOOR PLAN. THE KITCHEN WALLS WERE OPENED UP MAKING THIS HOME LIGHT AND BRIGHT. VAULTED CEILING, EXCELLENT FINISHES INCLUDING DESIGNER INTERIOR PAINT, GRANITE KITCHEN COUNTER TOPS, STAINLESS APPLIANCES, INDUCTION COOKTOP, WINE FRIDGE, NEW LIGHTING. FLOORING IS LARGE TILE, NEWER CARPET IN THE BEDROOMS, MASTER BATH HAS SEPARATE TUB AND SHOWER, NEW COUNTER TOP WITH 2 SINKS, WALK IN CLOSET. ROOF UNDERLAYMENT REPLACED IN 2019. EXTERIOR BACK YARD IS SPACIOUS, WALLED IN, EXTENDED COVERED PATIO, MEYER LEMON TREE AND VALENCIA ORANGE. LANDSCAPING PIPING REPLACED. GARAGE CABINETS, EXCELLENT LOCATION TO ALL OF METRO PHOENIX. EASY TO SHOW.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Horizon North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k387k

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

Neighborhood: Paradise Valley Horizon North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342086

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,568
Property Tax -$268
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$118

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.

$425,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$19,403

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
  • $1,917

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,8954$1,9305$2,095
$2,095
RENT COMPS ANALYSIS
  • 3353 E Oraibi Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3214 E Marco Polo Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,698 Sqft ∙ Built 1994
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 19621 N 36th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 19638 N 37th Way Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1987
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 3506 E Kerry Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,899 Sqft ∙ Built 1994
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
PROPERTY LISTING DETAILS
Rick Mohn
Long Realty West Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174440
Last Updated: 12/25/2020
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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