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3642 E Kent Drive Phoenix, AZ 85044

4 Beds 3 Baths 3,106 sqft Built 1987

$595,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $191.56
  • 3 Days on Market
  • MLS # : 6165310
  • Updated Date : 11/27/2020 at 13:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,106 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

This home is a rare find in the gated smaller community of Diamond ranch in Mountain Park Ranch. Home has 4 bedrooms and 2.5 baths. Home is equipped with a 3 car garage, large pool and panoramic mountain views that gives the illusion that the mountains are in your very own backyard. The beautifully landscaped park and picnic area are just right across the street from the home. Kitchen has stainless steel appliances with granite counter tops. Just steps to the elementary school, shopping and restaurants. Mountain Park Ranch is a very family friendly community with a playground, volleyball court, basketball, tennis courts, heated community pools and spas. Minutes to airport, ASU and has 4 freeway easy access.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650kPrice in $91k660k

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

Neighborhood: Diamond Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342699

* 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
Kyrene De La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$535,500$654,500$595,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,195
Property Tax -$424
Property Insurance -$88
HOA -$145
Property Management Fees -$99
CASH FLOW
-$430

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.

$595,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,747

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
  • $2,795

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5004$2,9995$3,000
$3,000
RENT COMPS ANALYSIS
  • 3642 E Kent Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,106 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3939 E Ahwatukee Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1983
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 3532 E Brookwood Court Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,760 Sqft ∙ Built 1991
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
  • 3703 E Kachina Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 3,308 Sqft ∙ Built 1982 3 beds 2 baths ∙ 3,308 Sqft ∙ Built 1982
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $0.91
    •  
  • 3213 E Desert Flower Lane Phoenix, AZ 5
    • 5 beds 4 baths ∙ 3,287 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,287 Sqft ∙ Built 1995
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ed Venezia
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165310
Last Updated: 11/27/2020
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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