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35712 N 31st Drive Phoenix, AZ 85086

4 Beds 2 Baths 2,276 sqft Built 2004

$620,100

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $272.45
  • 2 Days on Market
  • MLS # : 6263375
  • Updated Date : 07/12/2021 at 18:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Zillow Homes Inc

Listing Agent's Description

Offers will be reviewed after 7/14. Please submit your best offer by 7/14 at 11:59 pm. Welcome to this stunning single-level 4 bedroom, 2 bathroom located in the desirable Community of Tramonto. The community features heated pool & spa, tennis courts, and more. Inside, you will find an open living space with a welcoming family room, an eat-in kitchen with breakfast bar, pantry, and a versatile loft that would be perfect for home office or additional seating. The luxurious primary bedroom offers a spacious walk-in closet and an en suite bathroom with double sinks and a garden tub. A sliding glass door leads you to the spacious covered patio and large private backyard with synthetic grass. Great location with easy access to hiking trails, restaurants, and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342141

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$558,090$682,110$620,100

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$2,154
Property Tax -$371
Property Insurance -$72
HOA -$9
Property Management Fees -$99
CASH FLOW
-$705

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.

$620,100

PROJECTED PRICE

$2,000

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$170,077

INVESTMENT

$170,077

Down Payment
$155,025
Rehab Estimate
$5,750
Closing Costs
$9,302

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,154

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $155,025
Loan Amount $465,075
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1504$2,1905$2,250
$2,250
RENT COMPS ANALYSIS
  • 35712 N 31st Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.88
    •  
  • 3045 W Leisure Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2002
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 3010 W Languid Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 3418 W Languid Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,423 Sqft ∙ Built 2003
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.90
    •  
  • 35710 N 30th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 2003
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
PROPERTY LISTING DETAILS
Yvonne C Bondanza-whittaker
Zillow Homes Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263375
Last Updated: 07/12/2021
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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