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3424 E Jason Drive Phoenix, AZ 85050

2 Beds 2 Baths 1,090 sqft Built 1995

INVESTimate

$299,900

List Price

$1,390

$1,251 - $1,529

Rent Est.

$311,086  ( +3.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $275.14
  • 7 Days on Market
  • MLS # : 6120264
  • Updated Date : 08/20/2020 at 16:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent

Zoom Realty

Listing Agent's Description

Amazing Single Story, 2 Bedroom, 2 Bath, Split Floor Plan! Large Inviting Great Room, Huge Kitchen, Light & Bright, Tons of Cabinets, Kitchen Island, Perfect Outdoor Private Patio with Sitting Area and Mature Citrus Trees. Giant Master Suite, Enormous Walk-In Closet , Double Vanity Master Bath. Spacious 2nd Bedroom. Indoor Laundry Room with Storage. 2 Car Garage, R/O System, Lush Community Heated Pool & Spa. Incredible Location! Across from PVCC, Minutes to 51 Freeway & 101 Freeway!***TENANT IN PLACE UNTIL JANUARY 2022*** Instant Investment Income!

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,107
Property Tax -$189
Property Insurance -$48
HOA -$66
Property Management Fees -$99
CASH FLOW
-$119

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.

$299,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.73%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,398

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
  • $1,392

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3803$1,4004$1,6005$1,720
$1,720
RENT COMPS ANALYSIS
  • 3424 E Jason Drive Phoenix, 1
    • 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,090 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18250 N 32nd Street #1029 Phoenix, 2
    • 2 beds 3 baths ∙ 1,196 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,196 Sqft ∙ Built 2005
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.15
    •  
  • 18250 N 32nd Street #1020 Phoenix, 3
    • 2 beds 3 baths ∙ 1,230 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,230 Sqft ∙ Built 2005
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 3306 E Taro Lane Phoenix, 4
    • 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
  • 3334 E Wescott Drive Phoenix, 5
    • 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.52
    •  
PROPERTY LISTING DETAILS
Donna Candiotti
Zoom Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120264
Last Updated: 08/20/2020
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.

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