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3411 W Darien Way Phoenix, AZ 85086

3 Beds 3 Baths 2,212 sqft Built 2006

$399,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $180.79
  • 3 Days on Market
  • MLS # : 6206239
  • Updated Date : 03/13/2021 at 23:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,212 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Gorgeous home with 3 bedroom, 3 bath & a den/office on oversized lot in a gated community. Kitchen boasts of granite counters, updated white cabinets, island, large walk in pantry, black appliances & gas stove. Den/office is shown as a formal dining room. Beautiful wood laminate flooring, custom paint (2020), wood blinds & ceiling fans throughout. Upgraded staircase (with storage underneath) leads upstairs to spacious master bedroom & full master bath with double sinks, garden tub, separate shower & walk-in closet. Good sized spare bedrooms and lots of storage space. Inviting backyard with covered patio and artificial turf grass. This home has one of the largest lots. Don't miss this beauty!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages at Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Villages at Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8962022

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,389
Property Tax -$239
Property Insurance -$70
HOA -$11
Property Management Fees -$99
CASH FLOW
$211

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.

$399,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$42,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,035

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9183$2,0004$2,0205$2,095
$2,095
RENT COMPS ANALYSIS
  • 3411 W Darien Way Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.91
    •  
  • 3238 W Leisure Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,230 Sqft ∙ Built 2003
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 3011 W Cavalry Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,024 Sqft ∙ Built 2003
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,918
    • $0.95
    •  
  • 3114 W Via De Pedro Miguel Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 2004
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 3432 W Florimond Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2005
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.95
    •  
PROPERTY LISTING DETAILS
Amber Tuttle
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206239
Last Updated: 03/13/2021
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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