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3637 E Los Gatos Drive Phoenix, AZ 85050

4 Beds 3 Baths 2,755 sqft Built 2008

$725,000

List Price

$3,390

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $263.16
  • 3 Days on Market
  • MLS # : 6183184
  • Updated Date : 01/24/2021 at 01:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,755 sqft
  • Baths : 3 full
Listing Agent

Advanta Living, Llc

Listing Agent's Description

More pictures will be uploaded on Saturday, January 23. Wonderful 4 bedroom, 2.5 bathroom, 3 car garage home located in Aviano @ Desert Ridge. This home has been updated with new carpet, new fixtures and new interior paint. Smart Thermostats, smart locks and NEMA 14/50 Electric vehicle charger are included. The home is ready for a new home owner. Sitting on a corner lot, this North / South home has a great backyard for family gatherings and entertaining. Wonderfully taken care of, you won't want to miss touring this home

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343911

* 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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,051$3,729$3,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,390
EXPENSES Loan Payment -$2,518
Property Tax -$500
Property Insurance -$81
HOA -$220
Property Management Fees -$99
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$725,000

PROJECTED PRICE

$3,390

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$34,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,390

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,361

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,3903$3,4004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 3637 E Los Gatos Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,755 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,390
    • $1.23
    •  
  • 22007 N 36th Street Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,856 Sqft ∙ Built 2006
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.17
    •  
  • 3538 E Robin Lane Phoenix, AZ 3
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2006
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 3838 E Cat Balue Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2012
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 3653 E Sands Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,751 Sqft ∙ Built 2008
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Deepak Verma
Advanta Living, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183184
Last Updated: 01/24/2021
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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