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

3517 E Marco Polo Road Phoenix, AZ 85050

3 Beds 2 Baths 1,602 sqft Built 1999

$399,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $249.63
  • 4 Days on Market
  • MLS # : 6178194
  • Updated Date : 01/08/2021 at 14:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,602 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Welcome to Marco Polo in North Phoenix near Desert Ridge. Inside you'll find an open floor plan with a neutral color palette. The updated kitchen has an eat-at-bar, pantry, quartz counters & newer appliances. A split floor plan adds privacy, large main bedroom suite has high ceilings, walk-in closet, bath with dual sinks, tile shower & natural light. Bonus features: storage cabinets in utility room, plank tile floors in main living areas, water softener & more. The back yard has room to play, swim & relax - tiled covered patio, private pool with water feature & plenty of grassy space. This location puts shopping, recreation & commuting within easy reach. Direct access to miles of biking & walking trails + access to Reach 11 Rec Area. Desert Ridge & North Scottsdale are just minutes away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Prelude at Paradise Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Prelude at Paradise Valley

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
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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,389
Property Tax -$252
Property Insurance -$58
HOA -$12
Property Management Fees -$99
CASH FLOW
$130

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.

$399,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$34,503

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$1,9404$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 3517 E Marco Polo Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.21
    •  
  • 3423 E Escuda Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1998
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.34
    •  
  • 19621 N 36th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1986
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 3519 E Oraibi Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,624 Sqft ∙ Built 1990
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.20
    •  
  • 3402 E Oraibi Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.29
    •  
PROPERTY LISTING DETAILS
Ruth Price
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178194
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy