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3610 W Aster Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,857 sqft Built 1971

$465,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $250.40
  • 5 Days on Market
  • MLS # : 6189051
  • Updated Date : 02/03/2021 at 04:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full
Listing Agent

Sold Investments Llc

Listing Agent's Description

Beautiful 3 bed 2 bath full remodel with a large back yard,, RV parking and no HOA. Home offers a full living, family room with large rear bonus room / den. All new cabinets, granite counter tops, flooring and a full remodeled kitchen and bathrooms. New landscape and soon to be fully remodeled pool. Home is on an oversized lot with RV parking and gate. Plenty of parking, near schools parks and shopping. Seller is motivated so bring your offer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Sweetwater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8661567

* 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
Moon Valley High School High Regular 1,479 70 5

Desert Foothills Junior High School

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

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,615
Property Tax -$277
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$525

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$465,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$898

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
  • $1,671

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,5505$1,850
$1,850
RENT COMPS ANALYSIS
  • 3610 W Aster Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12425 N 30th Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 3554 W Gelding Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 3301 W Altadena Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 3627 W Bloomfield Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1971
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
Chad M Keith
Sold Investments Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189051
Last Updated: 02/03/2021
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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