Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3707 W Evans Drive Phoenix, AZ 85053

4 Beds 2 Baths 1,477 sqft Built 1974

INVESTimate

$274,900

List Price

$1,190

$1,071 - $1,309

Rent Est.

$298,431  ( +8.56%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $186.12
  • 9 Days on Market
  • MLS # : 6119162
  • Updated Date : 08/25/2020 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Renters Warehouse Arizona, Llc

Listing Agent's Description

Beautiful, four bedroom home brand new to the market~ This home simply has it all starting with it's sublime location, conventionally located off of 35th Ave and Greenway! It sits nicely with N/S exposure, in a community with NO HOA and desert landscaping in the front for added ease. The kitchen is huge with tons of counter space and gorgeous countertops! Stunning tile throughout, large family room adjacent to the kitchen. New carpets throughout, fresh paint exterior and interior, new light fixtures, and ceiling fans as well as a sprinkler system in the back with a drip system in the front! New garage door and motor, two new motors on the A/C unit w/ new controls. Home also boasts a big shed in the back with an RV gate! You do not want to miss out on this one!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $87k271k

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

Neighborhood: Thunderbird Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8581567

* 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
Ironwood Elementary School Primary Regular 529 27 5
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Ironwood Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 27
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$1,014
Property Tax -$167
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$146

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.

$274,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.56%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,068

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,145
1$1,1452$1,1903$1,3004$1,395
$1,395
RENT COMPS ANALYSIS
  • 3707 W Evans Drive Phoenix, 2
    • 4 beds 2 baths ∙ 1,477 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,477 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.81
    •  
  • 3730 W Sharon Avenue Phoenix, 1
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1972
    property image
    LEASED 04/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.64
    •  
  • 3001 W Hearn Road Phoenix, 3
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1975
    property image
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 15608 N 29th Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1984
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.77
    •  
PROPERTY LISTING DETAILS
Glenna Simmons
Renters Warehouse Arizona, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119162
Last Updated: 08/25/2020
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.

BESbswy