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

3444 E Shaw Butte Drive Phoenix, AZ 85028

3 Beds 2 Baths 1,475 sqft Built 1970

$449,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $304.41
  • 2 Days on Market
  • MLS # : 6184753
  • Updated Date : 01/22/2021 at 23:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,475 sqft
  • Baths : 2 full
Listing Agent

Home Brokers Realty, Inc.

Listing Agent's Description

Gorgeous remodel from top to bottom! Entertainers dream home with huge kitchen and open floorplan. From the clean and modern exterior to the stunning interior and huge back yard with gorgeous diving pool. You don't see remodels like this one! Designer finishes, no expense spared! All new porcelain flooring, smooth sand drywall throughout, new doors, new shaker cabinets with soft close, new baths with fully walled tile, quartz kitchen and bath countertops. Stainless appliances, Gas Stove. New Roof 2019, New Water heater 2020. New pool decking 2021. landscape timers in front and back with raised vegetable garden beds! This home is stunning and will not disappoint!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Cove Elementary School Primary Regular 523 37 6
Desert Cove Elementary School Middle Regular 523 37 6
Shadow Mountain High School High Regular 1,390 67 3

Desert Cove Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Desert Cove Elementary School

  • Education Level: Middle
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,560
Property Tax -$283
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$147

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.

$449,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,625

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
  • $1,844

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8253$1,8954$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 3444 E Shaw Butte Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12215 N 36th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.16
    •  
  • 3422 E Altadena Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
  • 12615 N 35th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.23
    •  
  • 3238 E Poinsettia Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Jennifer L Rutledge
Home Brokers Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184753
Last Updated: 01/22/2021
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.

BESbswy