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3426 E Sequoia Drive Phoenix, AZ 85050

3 Beds 2 Baths 1,624 sqft Built 1990

INVESTimate

$350,000

List Price

$1,890

$1,701 - $2,079

Rent Est.

$357,700  ( +2.20%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $215.52
  • 9 Days on Market
  • MLS # : 6118999
  • Updated Date : 08/23/2020 at 11:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,624 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Charming and bright home, tucked into Park Hill suburbs, with 3 beds/2 baths with an office. Gorgeous foyer, featuring mirror accent wall with city skyline etching, unfolds into open concept living room and kitchen, which is surrounded by windows and sliding glass door. Full tiled kitchen boasts large center island, eat-in area, and cabinet space galore! Master bedroom complete with walk-in closet, large picture window, full bath/shower, and his and her sinks. Covered patio out back opens to beautiful desert landscaping and wide side yards. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Hill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Park Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9291981

* 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

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

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$20k

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 $1,890
EXPENSES Loan Payment -$1,291
Property Tax -$220
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$220

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

$1,890

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

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 35% 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

8.67

YEARS SAVED

$48,448

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,892

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7753$1,8004$1,8905$2,150
$2,150
RENT COMPS ANALYSIS
  • 3426 E Sequoia Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.16
    •  
  • 19833 N 35th Street Phoenix, 1
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1998
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 3521 E Marco Polo Road Phoenix, 2
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
  • 3215 E Kristal Way Phoenix, 3
    • 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,621 Sqft ∙ Built 2002
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.11
    •  
  • 19427 N 33rd Street Phoenix, 5
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1995
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.38
    •  
PROPERTY LISTING DETAILS
Delbert M Rounds
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118999
Last Updated: 08/23/2020
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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