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

3419 E Rosemonte Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,368 sqft Built 1991

$599,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $252.96
  • 3 Days on Market
  • MLS # : 6163091
  • Updated Date : 11/20/2020 at 14:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,368 sqft
  • Baths : 2 full , 1 half
Listing Agent

Desert Dimensions Properties

Listing Agent's Description

GREAT FAMILY HOME WITH ROOM TO ROAM, QUIET INTERIOR LOT YET GREAT ACCESS TO 101 AND 51 FREEWAYS, LARGE BACKYARD WITH FENCED POOL, JUST IN TIME FOR A REFRESHING SUMMER SWIM, THIS HOME SHOWS PRIDE OF OWNERSHIP, BEAUTIFULLY CUSTOM LANDSCAPED FRONT AND CUSTOM FLAGSTONE AND PAVERED BACKYARD. WALKING DISTANCE TO PV COMMUNITY COLLEGE/GOLF COURSE/LIBRARY. MINUTES FROM SHOPPING, LOTS OF RESTAURANTS, DINING AND CONVENIENT TO GROCERY STORES, GAS STATIONS, GYMS. CLOSE TO DESERT RIDGE MARKETPLACE AND SCOTTSDALE FOR A FUN NIGHT OUT.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vistas at North Gate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k366k

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

Neighborhood: Vistas at North Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342061

* 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
 

$539,100$658,900$599,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$2,210
Property Tax -$377
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$590

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.

$599,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.36%

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$1.4M$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,615

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
  • $2,279

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0983$2,1954$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 3419 E Rosemonte Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3129 E Wescott Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1996
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,098
    • $1.02
    •  
  • 3347 E Rockwood Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,367 Sqft ∙ Built 1993
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.93
    •  
  • 3743 E Utopia Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
  • 3713 E Utopia Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2007
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Markiel Leviyev
Desert Dimensions Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163091
Last Updated: 11/20/2020
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.

BESbswy