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3449 W Florimond Road Phoenix, AZ 85086

3 Beds 2 Baths 1,416 sqft Built 2005

$314,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $222.39
  • 3 Days on Market
  • MLS # : 6160345
  • Updated Date : 11/13/2020 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Desirable north valley location, this cute 3 bed / 2 bath home is spacious in a nice quiet gated community. Features include new interior paint, all tile except newer carpet in bedrooms, spacious kitchen with granite counters, maple cabinets, black appliances, gas stove kitchen island with breakfast bar. Master suite with dual vanities, oval tub and separate shower. Low maintenance front and backyard with covered patio. Community amenities include 2 community pools/spas, basketball court, tennis court, play areas and many hiking/biking/walking trails. Walking distance to shopping, dining and groceries.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages at Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Villages at Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8962022

* 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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$55
HOA -$11
Property Management Fees -$99
CASH FLOW
-$175

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.

$314,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$8,321

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
  • $1,342

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 3449 W Florimond Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3014 W Ferruccio Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2004
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 34827 N 30th Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 34626 N 30th Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,615 Sqft ∙ Built 2004
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.93
    •  
  • 3438 W Darien Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michael Henderson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160345
Last Updated: 11/13/2020
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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