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3608 E Liberty Lane Phoenix, AZ 85048

4 Beds 3 Baths 2,636 sqft Built 1988

$570,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $216.24
  • 2 Days on Market
  • MLS # : 6206798
  • Updated Date : 03/14/2021 at 04:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,636 sqft
  • Baths : 2 full , 1 half
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

This one is special! Charming Ahwatukee home IDEALLY LOCATED adjacent to a GREENBELT at the end of a CUL-DE-SAC in the highly coveted Lakewood community. Well-maintained and thoughtfully designed with a spacious SPLIT FLOOR PLAN offering 4 bedrooms (master downstairs), LARGE LOFT, 2.5 bathrooms, bright/open living and dining area, comfortable family room, UPDATED KITCHEN, and roomy breakfast nook. Custom home feel/appearance with soaring ceilings; GORGEOUS, STAINED WOOD DOORS AND TRIM; granite countertops; Saltillo tile; Berber carpet; large windows; CUSTOM CABINETRY; elegant light fixtures; TWO COZY FIREPLACES; ornate front security screen door; and more. Amazing, peaceful rear yard includes a SPARKLING PEBBLETEC POOL, unique RED ROCK WATERFALL, expansive covered patio, and VIEW FENCE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakepoint at Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k416k

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

Neighborhood: Lakepoint at Lakewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342040

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,980
Property Tax -$391
Property Insurance -$79
HOA -$6
Property Management Fees -$99
CASH FLOW
-$224

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.

$570,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,980

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,703

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
  • $2,498

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,3754$2,5005$2,950
$2,950
RENT COMPS ANALYSIS
  • 3608 E Liberty Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3918 E Frye Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 1989
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 3232 E Muirwood Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,494 Sqft ∙ Built 1995
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.95
    •  
  • 3532 E Brookwood Court Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 3359 E Tanglewood Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
PROPERTY LISTING DETAILS
Paul B Fictum
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206798
Last Updated: 03/14/2021
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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