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35802 N 33rd Lane Phoenix, AZ 85086

5 Beds 4 Baths 3,591 sqft Built 2004

$495,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $137.84
  • 5 Days on Market
  • MLS # : 6166820
  • Updated Date : 12/02/2020 at 16:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,591 sqft
  • Baths : 3 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Don't' miss this spacious two-story home in Tramonto! This home has been refreshed with new interior paint and new carpet. Formal living room off the entry and a family room opens to the kitchen at the back of the home. The kitchen features Quartz countertops, an island and built in desk area and stainless steel appliances including double ovens. The primary bedroom has a full ensuite bathroom with dual sinks, a separate shower and tub, and a walk-in closet. All bedrooms are spacious. The backyard boasts a covered patio extended with pavers for outdoor furniture and a BBQ, fenced pool with a water feature and umbrella mounts. Close to lots of shopping and dining, parks, golf, hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!

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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

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

$445,500$544,500$495,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,826
Property Tax -$296
Property Insurance -$97
HOA -$9
Property Management Fees -$99
CASH FLOW
-$158

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.

$495,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.44%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$20,632

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
  • $2,289

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 35802 N 33rd Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,591 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 36018 N 30th Avenue Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,533 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,533 Sqft ∙ Built 2003
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.58
    •  
  • 2422 W Night Owl Lane Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,305 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,305 Sqft ∙ Built 2004
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 3017 W Via De Pedro Miguel Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,936 Sqft ∙ Built 2004
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.58
    •  
  • 2421 W Night Owl Lane Phoenix, AZ 5
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166820
Last Updated: 12/02/2020
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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