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3438 N 30th Street Phoenix, AZ 85016

4 Beds 3 Baths 2,017 sqft Built 1994

$589,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $292.02
  • 5 Days on Market
  • MLS # : 6139451
  • Updated Date : 10/31/2020 at 09:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Built in 1994, this 4 bed, 3 full bath home is ready for its next homeowner! Recently painted interior and exterior, spacious courtyard with security entry gate just off the 4 car driveway. Upon entering the home you are greeted with vaulted ceilings, large sliding glass door to view the resort style backyard and sparkling pool. Kitchen includes a soft color pallette, plenty of cabinets for storage and pantry and peninsula style counter tops with kitchen sink. 400 square foot second Master Suite was added and permitted with full bath, and dedicated AC unit. Resort style backyard on large lot with pool, water feature and beautiful landscaping. Large storage shed will stay with home. Carport can be added for vehicle storage where RV Gate is currently. Carpet allowance with fair offer!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

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
Larry C. Kennedy School Primary Regular 672 35 2
Larry C. Kennedy School Middle Regular 672 35 2
Camelback High School High Regular 2,048 110 4

Larry C. Kennedy School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Larry C. Kennedy School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$530,100$647,900$589,000

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 -$2,173
Property Tax -$373
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$542

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.

$589,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,415

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,998
1$1,9982$2,1703$2,5004$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 3438 N 30th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,017 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.08
    •  
  • 3422 E Avalon Drive Phoenix, AZ 1
    • 3 beds 4 baths ∙ 1,953 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,953 Sqft ∙ Built 2007
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $1.02
    •  
  • 2444 E Montecito Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 3345 E Pinchot Avenue #7 Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2014
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.30
    •  
  • 2608 E Turney Avenue #10 Phoenix, AZ 5
    • 3 beds 4 baths ∙ 2,155 Sqft ∙ Built 2010 3 beds 4 baths ∙ 2,155 Sqft ∙ Built 2010
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.30
    •  
PROPERTY LISTING DETAILS
Nicholas A Ortega
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6139451
Last Updated: 10/31/2020
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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