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3521 E Rockledge Road Phoenix, AZ 85044

5 Beds 3 Baths 2,660 sqft Built 1987

$599,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $225.53
  • 5 Days on Market
  • MLS # : 6189993
  • Updated Date : 02/26/2021 at 20:36
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,660 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Wow! 5 bed, 3 full bathroom, 3 car garage sitting on a stunning N/S preserve lot in Mountain Park Ranch! Remodel kitchen with island, updated cabinets and granite counters opening to family room, upgraded wood laminate floors leading through newer French doors to a backyard paradise! Sit & enjoy an evening fire on large brick paver patio overlooking an amazing preserve lot. 3 bathrooms remodeled with newer cabinets, showers, fixtures and more. Large master bedroom with balcony leads into remodeled bath area & double closets. 4 oversized secondary bedrooms. Other features include, newer windows, newer Trane HVAC, all recessed lights replaced with 30 year LED fixtures, crown molding throughout, garage with epoxy floor and cabinets & blown-in insulation throughout attic. Mountain Park

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highlands at Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k439k

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

Neighborhood: Highlands at Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342051

* 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
Kyrene Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,084
Property Tax -$427
Property Insurance -$79
HOA -$4
Property Management Fees -$99
CASH FLOW
-$463

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.

$599,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
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$1.6M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,247

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
  • $2,454

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2203$2,3754$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 3521 E Rockledge Road Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,660 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3328 E Mountain Vista Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 1988
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.94
    •  
  • 3232 E Muirwood Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 15237 S 40th Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.89
    •  
  • 3532 E Brookwood Court Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
James Bill Watson
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189993
Last Updated: 02/26/2021
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.

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