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3633 W Sharon Avenue Phoenix, AZ 85029

4 Beds 2 Baths 1,839 sqft Built 1971

$335,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $182.16
  • 3 Days on Market
  • MLS # : 6193785
  • Updated Date : 02/13/2021 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,839 sqft
  • Baths : 2 full
Listing Agent

Re/max Professionals

Listing Agent's Description

This one is it! Pride of ownership shows from the moment you pull up, and throughout. Wonderful curb appeal, RV gate and space to park one too! Roof updated February 2021. Stunning updated kitchen with custom white cabinets, quartz counters, stylish backsplash, dark SS appliances, smooth top stove, double oven/range, breakfast bar. Tile in all the right places. Good size bedrooms! Owner's suite has two closets. Updated bathrooms! Big bonus room makes a great game room, workout room, office, craft room, etc. This backyard is built for entertaining! Covered patio with surrounding roll-down shades , built-in BBQ and bar, sparkling diving pool with baja step/beach entry, nice lawn area. Great location near schools, shopping, dining, and entertainment. You'll be glad you found this on

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Thunderbird Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8611567

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,164
Property Tax -$200
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$55

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.

$335,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,398

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5003$1,5004$1,5805$1,600
$1,600
RENT COMPS ANALYSIS
  • 3633 W Sharon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,839 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.86
    •  
  • 3763 W Crocus Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1973
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 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
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 14631 N 36th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1971
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ricardo Ramirez
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193785
Last Updated: 02/13/2021
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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