Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3407 E Sunnyside Drive Phoenix, AZ 85028

3 Beds 2 Baths 1,540 sqft Built 1971

$380,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $246.75
  • 3 Days on Market
  • MLS # : 6175637
  • Updated Date : 01/08/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

You're going to love this updated, move-in ready north Phoenix home. Stats include 3 bedrooms, 2 bathrooms, and 1540sf. Updates completed in Oct, Nov, or Dec 2020 include new vinyl plank flooring throughout house; new tile flooring in bathrooms; and new carpet in bedrooms. New shaker cabinets, granite counter tops, and stainless steel appliances in the kitchen. New low E, vinyl dual pane window in living room. New light fixtures. New interior and exterior paint. New insulated French doors. New vanities and mirrors in both bathrooms. Windows in master bedroom/bathroom, kitchen, and Arizona room were replaced several years earlier. Interior color combined with large windows gives an open and airy feeling inside the house.Spacious and bright Arizona room includes

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Desert Cove Elementary School Primary Regular 523 37 6
Desert Cove Elementary School Middle Regular 523 37 6
Shadow Mountain High School High Regular 1,390 67 3

Desert Cove Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Desert Cove Elementary School

  • Education Level: Middle
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,320
Property Tax -$239
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$25

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.

$380,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7503$1,8254$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 3407 E Sunnyside Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.13
    •  
  • 3021 E Cholla Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
  • 12215 N 36th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.16
    •  
  • 3422 E Altadena Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
  • 3238 E Poinsettia Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Mike Warren
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175637
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy