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3632 E Ludlow Drive Phoenix, AZ 85032

4 Beds 2 Baths 1,430 sqft Built 1970

INVESTimate

$349,000

List Price

$1,430

$1,287 - $1,573

Rent Est.

$382,539  ( +9.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $244.06
  • 6 Days on Market
  • MLS # : 6120404
  • Updated Date : 08/21/2020 at 19:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,430 sqft
  • Baths : 2 full
Listing Agent

Realty Exchange

Listing Agent's Description

You need to see this beautiful 4 bed, 2 bath property located just down the road from Paradise Valley Mall!! This home has been completely updated from the beautiful paint inside and out to the brand new kitchen with matching stainless steel appliances, you will be impressed by the attention to detail on this home. The fabulous kitchen offers ample cabinetry, granite countertops, tile backsplash, and a lovely eat in breakfast bar. Both of the bathrooms have been fully updated with new vanities, toilets and matching granite countertops. In the back of the house there's a 4th bedroom with separate exterior access and a large laundry room with plenty of storage space. Don't miss the opportunity to make this wonderful home yours, schedule a showing today!

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PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Indian Bend Elementary School Middle Regular 571 35 5
Shadow Mountain High School High Regular 1,390 67 3

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Indian Bend Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,288
Property Tax -$220
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$231

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.

$349,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,883

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,430

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4303$1,5754$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 3632 E Ludlow Drive Phoenix, 2
    • 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.00
    •  
  • 3510 E Ludlow Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 14024 N 37th Place Phoenix, 3
    • 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,550 Sqft ∙ Built 1970
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.02
    •  
  • 13629 N 38th Place Phoenix, 4
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 14220 N 37th Place Phoenix, 5
    • 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1974
    property image
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
PROPERTY LISTING DETAILS
Ryan Clandening
Realty Exchange
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120404
Last Updated: 08/21/2020
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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