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3530 E De Poe Lane Phoenix, AZ 85028

5 Beds 2 Baths 2,320 sqft Built 1974

$589,990

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $254.31
  • 1 Days on Market
  • MLS # : 6263744
  • Updated Date : 07/13/2021 at 16:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,320 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Fixer Upper Opportunity! Rare 5 bed 2 bath ranch style home with a pool. Large corner lot with mature landscape. There are so many opportunities with this property, Home is not in an HOA so would be great for a short term rental. Nearby comparable sales selling in the mid $700's! Home is sold as-is. Come Check it out before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Cove East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k387k

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

Neighborhood: Desert Cove East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342146

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

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

$530,991$648,989$589,990

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,049
Property Tax -$372
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$272

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.

$589,990

PROJECTED PRICE

$2,320

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,097

INVESTMENT

$162,097

Down Payment
$147,498
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,498
Loan Amount $442,493
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$14,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1953$2,1954$2,3205$2,695
$2,695
RENT COMPS ANALYSIS
  • 3530 E De Poe Lane Phoenix, AZ 4
    • 5 beds 2 baths ∙ 2,320 Sqft ∙ Built 1974 5 beds 2 baths ∙ 2,320 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $1.00
    •  
  • 3409 E Mountain View Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1960
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
  • 10809 N 33rd Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
  • 3555 E North Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1971
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.01
    •  
  • 4050 E Mercer Lane Phoenix, AZ 5
    • 5 beds 2 baths ∙ 2,229 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,229 Sqft ∙ Built 1973
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.21
    •  
PROPERTY LISTING DETAILS
Jesse Kibler
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263744
Last Updated: 07/13/2021
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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