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3601 W Paradise Lane Phoenix, AZ 85053

4 Beds 3 Baths 2,792 sqft Built 1994

$440,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $157.59
  • 7 Days on Market
  • MLS # : 6197735
  • Updated Date : 02/23/2021 at 12:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,792 sqft
  • Baths : 2 full , 1 half
Listing Agent

R.o.i. Properties

Listing Agent's Description

Off the charts potential with this beauty of a two-story with NO HOA! The property is in mid-renovation and needs to be finished - it will be sold in its present condition. Soaring ceilings, great floor plan, open concept kitchen. Entertainer's back yard - excellent opportunity for someone with vision.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cristo Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k419k

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

Neighborhood: Cristo Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,528
Property Tax -$263
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$41

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.

$440,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$21,694

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
  • $2,038

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7493$1,800
$1,800
RENT COMPS ANALYSIS
  • 3601 W Paradise Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,792 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2108 W Le Marche Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.72
    •  
  • 2048 W Monte Cristo Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
PROPERTY LISTING DETAILS
Beth Jo Zeitzer
R.o.i. Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197735
Last Updated: 02/23/2021
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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