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3522 E Sutton Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,373 sqft Built 1962

$339,999

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $247.63
  • 3 Days on Market
  • MLS # : 6167642
  • Updated Date : 12/05/2020 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 1 full , 1 half
Listing Agent

Mountain Sage Realty

Listing Agent's Description

Pride of ownership in this Cozy Ranch Style Home in desired North Phoenix area with no HOA! This 3 bedroom 2 bath home is a must see, from the updated kitchen, wood style tile flooring, dual pane windows, new carpet & paint to the spacious backyard that boasts a unique storage container turned into a tool shed with a porch and one of a kind elevator doors, yep...elevator doors!! You can relax and enjoy the spa with the out door tv on the outside of the storage container/shed. The property has mature tree's & plants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Indian Bend Elementary School Middle Regular 571 35 5
Shadow Mountain High School High Regular 1,390 67 3

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Indian Bend Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Shadow Mountain High School

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

$305,999$373,999$339,999

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,254
Property Tax -$214
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$28

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.

$339,999

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$28,495

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
  • $1,658

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5954$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 3522 E Sutton Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3510 E Ludlow Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 3707 E Delcoa Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.29
    •  
  • 13015 N 37th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.20
    •  
  • 3463 E Thunderbird Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.22
    •  
PROPERTY LISTING DETAILS
Lynn Clayton
Mountain Sage Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167642
Last Updated: 12/05/2020
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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