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3532 E Expedition Way Phoenix, AZ 85050

4 Beds 3 Baths 3,033 sqft Built 2005

$810,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $267.06
  • 6 Days on Market
  • MLS # : 6153470
  • Updated Date : 10/29/2020 at 14:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,033 sqft
  • Baths : 3 full
Listing Agent

Srl Group

Listing Agent's Description

A rare find in Aviano, a large upgraded single story home with designer touches. This single story split floor plan has a gourmet kitchen with brand new appliances is an entertainers dream kitchen. This home has 2 brand new Ac unit installed in 2020. A turn key property that will not disappoint. The location is a dream 5 minute from the 101 and 51 , Desert Ridge market place and city North only a bike ride away to enjoy all the amenities of high end restaurant and shopping. with the purchase of your home you get the use of a 10,000 squarefoot club house featuring, tennis, state of the art workout facility and a large heated sparkling pool to use all year round. This home is also in one of the top school district. The list is endless, a must see home. Call for your private tour.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343911

* 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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$729,000$891,000$810,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,989
Property Tax -$510
Property Insurance -$86
HOA -$220
Property Management Fees -$99
CASH FLOW
-$754

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$810,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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-$15k-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$220,400

INVESTMENT

$220,400

Down Payment
$202,500
Rehab Estimate
$5,750
Closing Costs
$12,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $202,500
Loan Amount $607,500
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,291

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9953$3,1004$3,1505$3,350
$3,350
RENT COMPS ANALYSIS
  • 3532 E Expedition Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,033 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.04
    •  
  • 22705 N 38th Way Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 2007
    LEASED 05/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
  • 3930 E Daley Lane Phoenix, AZ 2
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 3827 E Morning Dove Trail Phoenix, AZ 3
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2005
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 22007 N 36th Street Phoenix, AZ 5
    • 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.17
    •  
PROPERTY LISTING DETAILS
Amy Kathryn Koch
Srl Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153470
Last Updated: 10/29/2020
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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