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3672 E Adobe Drive Phoenix, AZ 85050

4 Beds 4 Baths 3,576 sqft Built 2006

$864,000

List Price

$3,330

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $241.61
  • 2 Days on Market
  • MLS # : 6156790
  • Updated Date : 11/22/2020 at 00:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,576 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Freshly painted inside/out, with new lighting and blinds! Step inside this popular, single level Aviano home and you'll never want to leave! The welcoming foyer invites you into this gorgeous home that is filled with natural light and upgrades throughout including travertine, coffered ceilings, upgraded staggered cabinetry, built in refrigerator and wine fridge, extended baseboards, and more--including newer energy efficient Trane AC units and new water heater! The master bedroom has it's own sitting area, and the guest bedroom has it's full bathroom en suite! To top it off, this home sits on one of the few premium lots in Aviano--at the end of a cul-de-sac with a pocket park and ramada right next door! Award winning schools are nearby, plus close to shopping, entertainment, and freeways!

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
 

$777,600$950,400$864,000

PURCHASE PRICE

$2,997$3,663$3,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,330
EXPENSES Loan Payment -$3,188
Property Tax -$558
Property Insurance -$97
HOA -$220
Property Management Fees -$99
CASH FLOW
-$831

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.

$864,000

PROJECTED PRICE

$3,330

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$234,710

INVESTMENT

$234,710

Down Payment
$216,000
Rehab Estimate
$5,750
Closing Costs
$12,960

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,188

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $216,000
Loan Amount $648,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$4,064

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
  • $3,683

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,5503$3,6004$3,6955$3,695
$3,695
RENT COMPS ANALYSIS
  • 3672 E Adobe Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,576 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,576 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 21437 N 39th Way Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.00
    •  
  • 3665 E Maffeo Road Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2006
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.04
    •  
  • 21211 N 38th Place Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.04
    •  
  • 3811 E Quail Avenue Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Deborah Kozak
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156790
Last Updated: 11/22/2020
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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