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3608 W Monte Cristo Avenue Phoenix, AZ 85053

3 Beds 2 Baths 2,027 sqft Built 1998

$375,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $185.00
  • 4 Days on Market
  • MLS # : 6195736
  • Updated Date : 02/19/2021 at 23:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,027 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 3 Bedroom + Office/2 Bathroom Home with Pool, RV Gate & No HOA! Bring your RV & all of your Toys. This Awesome Home Features; Fresh Interior & Exterior Paint & Carpet, 1 Year New HVAC System, Refreshing Pool, Newer RV Gate with RV Hook Up, Private Room off of the Primary Bedroom that can be used as an Office, Separate Wet Bar/Play Room with Sink and Mini Refrigerator, Vaulted Ceilings, Ceiling Fans throughout, Security Camera's that convey, Two Primary Bedroom Closets (His and Hers), 2 Car Garage, Newer Hot Water Heater, Stainless Steel Refrigerator & Washer & Dryer that Convey, Double Oven Range, Pantry, Maintenance Free Desert Landscaping, Large N/S Lot with a North facing Backyard & a Covered patio with Ceiling Fan. Super Clean Home! Hurry and See this Home Before It's Gone!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,303
Property Tax -$224
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$52

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.

$375,000

PROJECTED PRICE

$1,640

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,272

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
  • $1,459

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,5454$1,695
$1,695
RENT COMPS ANALYSIS
  • 3608 W Monte Cristo Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,027 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3932 W Woodridge Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.73
    •  
  • 3802 W Juniper Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 15424 N 31st Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
PROPERTY LISTING DETAILS
Brent Ballard
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195736
Last Updated: 02/19/2021
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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