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3419 E Rockwood Drive Phoenix, AZ 85050

3 Beds 3 Baths 1,425 sqft Built 1995

$350,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $245.61
  • 5 Days on Market
  • MLS # : 6173721
  • Updated Date : 12/30/2020 at 17:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,425 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Northwest

Listing Agent's Description

Gorgeous 3 bed/2.5 bath North Phoenix home available in Paradise Sunrise. Excellent community with a sparkling pool and spa, located just blocks from PVCC, Quail Run Elementary School, minutes from the 51 and the 101 and within the coveted Paradise Valley School District. Inside is open and bright with soaring ceilings, custom paint tones, and beautiful wood look and tile flooring throughout. Perfect for gathering friends and family, the spacious eat in kitchen boasts ss appliances, granite tile counters, crisp white cabinetry and a breakfast bar. All bedrooms are upstairs and the master includes a walk in closet and an ensuite with vessel sinks and a glass block shower. Very secluded backyard is surrounded by mature landscaping and complete with a patio and grassy play area.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Sunrise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8851981

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,291
Property Tax -$220
Property Insurance -$55
HOA -$22
Property Management Fees -$99
CASH FLOW
$32

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.

$350,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$27,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6953$1,7204$1,7505$1,895
$1,895
RENT COMPS ANALYSIS
  • 3419 E Rockwood Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.21
    •  
  • 3302 E Topeka Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1990
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.16
    •  
  • 18637 N 35th Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1995
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 3407 E Rockwood Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,425 Sqft ∙ Built 1995
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.23
    •  
  • 3525 E Kerry Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1994
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.34
    •  
PROPERTY LISTING DETAILS
Alma Warren
Century 21 Northwest
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173721
Last Updated: 12/30/2020
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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