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3711 W Acoma Drive 
Phoenix, AZ
85053
4 Beds 2 Baths 1,576 sqft
Built 1974
INVESTimate
$274,900
List Price
$78,599
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PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $174.43
- 3 Days on Market
- MLS # : 6121919
- Updated Date : 08/24/2020 at 13:35
CONSTRUCTION
- Beds : 4
- Floor Size : 1,576 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this single story pool home on a corner lot in Thunderbird Village! This home offers fresh interior paint and new carpet. Formal living room upon entry and a family room with a fireplace at the back of the home. The kitchen features ample cabinets and counter space and stainless steel appliances including a new microwave and dishwasher. The primary bedroom has an ensuite bathroom with a tiled walk in shower. Huge backyard with a patio with a new roof, newly replastered pool and only one neighbor! Save money each month with attached solar panels. Don't miss this one, view today!
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PRICE & RENT TRENDS
Neighborhood: Thunderbird Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Thunderbird Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$164 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$95
|
||
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
$1,240
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
4.08
YEARS SAVED
$12,256
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,194
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
3711 W Acoma Drive Phoenix, 1
- 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,240
- $0.79
-
3001 W Hearn Road Phoenix, 2
- 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 1975
LEASED 04/01/19- Rent
- Rent Per SQFT
- $1,300
- $0.76
-
3350 W Crocus Drive Phoenix, 3
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1969
LEASED 06/01/19- Rent
- Rent Per SQFT
- $1,400
- $0.76
-
3518 W Eugie Avenue Phoenix, 4
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.74
-
13813 N 36th Drive Phoenix, 5
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121919
Last Updated: 08/24/2020
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.
