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35826 N 33rd Lane Phoenix, AZ 85086

3 Beds 2 Baths 1,945 sqft Built 2004

$459,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $235.99
  • 6 Days on Market
  • MLS # : 6176218
  • Updated Date : 01/16/2021 at 19:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,945 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Stunning home in the center of Tramonto. This light and bright completely reenvisioned single story is well appointed with high end stacked stone finishes, and wood-like ceramic tile throughout. Remodeled Chef's kitchen features extended counters, white cabinets, glass and stone tile backsplash, stainless steel appliances, and extended custom quartz island. Custom paint, custom light fixtures, in this open concept updated floorpan. Private tranquil elevated view lot, low maintenance faux grass, stone patio, and outdoor kitchen for entertaining and relaxed sunset viewings. Den/Office could be transformed to fourth bedroom if needed.Turn-key gorgeous!! Community features include: Swimming pools, hot tubs, parks/playgrounds, picnic area, basketball, tennis, sand volleyball and desert trails.

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,594
Property Tax -$275
Property Insurance -$65
HOA -$9
Property Management Fees -$99
CASH FLOW
-$122

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.

$459,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$16,942

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
  • $1,794

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7753$1,8504$1,8505$1,975
$1,975
RENT COMPS ANALYSIS
  • 35826 N 33rd Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3105 W Espartero Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 2005
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
  • 3416 W Leisure Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,941 Sqft ∙ Built 2004
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 3416 W Florimond Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 2905 W Languid Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lisa Cristine Groth
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176218
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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