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3710 E Kristal Way Phoenix, AZ 85050

2 Beds 3 Baths 1,270 sqft Built 2007

$329,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $259.76
  • 4 Days on Market
  • MLS # : 6198467
  • Updated Date : 02/27/2021 at 21:08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,270 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

This North/Central Phoenix home is clean, cozy and move in ready. 2 bedroom, 3 bath with spacious Loft. The laundry is conveniently placed upstairs between the bedrooms. Fresh neutral paint throughout. Great location! Home is kitty corner from the community park and minutes from the Desert Ridge shopping center, the 101 & 51 freeways and the walking paths along the canal. Lots of bright light and windows. Quaint covered porch at front and 2-car garage is tucked behind the home with an entry door into the kitchen. Too cute and affordable to last long in this market.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Willow Run

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Willow Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,146
Property Tax -$208
Property Insurance -$52
HOA -$25
Property Management Fees -$99
CASH FLOW
$181

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.

$329,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$35,406

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
  • $1,591

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,5504$1,5605$1,600
$1,600
RENT COMPS ANALYSIS
  • 3710 E Kristal Way Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,270 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,270 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3305 E Siesta Lane Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.23
    •  
  • 4114 E Union Hills Drive #1196 Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 1989 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 1989
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.22
    •  
  • 20660 N 40th Street #2107 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.26
    •  
  • 3306 E Taro Lane Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
PROPERTY LISTING DETAILS
Coey Kryn
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198467
Last Updated: 02/27/2021
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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