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3421 W Dailey Street Phoenix, AZ 85053

3 Beds 2 Baths 1,912 sqft Built 1968

$325,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $169.98
  • 4 Days on Market
  • MLS # : 6192968
  • Updated Date : 02/13/2021 at 16:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

Beautifully UPDATED on OVERSIZED LOT 9469 sqft *3bd 2bath 2Car Gar 1912 sqft * Extra WIDE DRIVEWAY w/ Room to Park Trailer/RV *Great Curb Appl w/ Mature Shde tree in Front *You'll Love Backyrd Coverd Patio & Fencd Dog Area, Coverd Side Yrd w/ Storge Shed Perfct for WORKSHOP *UPDATED Interior w/ New Vinyl Wood Flooring,New Carpet,New Paint &New Lighting *The Ktchn features White Cabints w/ New Quartz Countertops,OPEN Layout overlooks Famly Rm & has Lrge Island w/ Seating & New Recessd Lightng *Dning Area off Ktchn *Formal Livng Rm in Front of house *Split Floorplan w/ LARGE Mster Bdrm has 2Lrge Clsts & Updated Bathrm w/ Quartz Countertps & Lrge Shower *Other Bdrms are Lrge w/New Carpet &Paint *Hall Bth has Large Vanity w/Quartz Countertps,New Lightng & Tub/Shwr *Water Softener & RO System

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deerview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deerview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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 Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,129
Property Tax -$194
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,595
$1,595
RENT COMPS ANALYSIS
  • 3421 W Dailey Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 13813 N 36th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.77
    •  
  • 3037 W Wethersfield Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
James Lombardi
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192968
Last Updated: 02/13/2021
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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