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3744 E Amelia Avenue Phoenix, AZ 85018

4 Beds 2 Baths 1,852 sqft Built 1954

$630,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $340.17
  • 3 Days on Market
  • MLS # : 6168290
  • Updated Date : 12/12/2020 at 12:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,852 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

STUNNING REMODELED ARCADIA LITE HOME WITH HEATED PRIVATE POOL & BRAND NEW AC COMING 12/16!!! WALKING DISTANCE TO MADISON IMPROVEMENT CLUB & THE PORCH. GORGEOUS CURB APPEAL WITH NEW SIT IN PORCH OVERLOOKING BEAUTIFUL EASY MAINTENANCE BRAND NEW FRONT & BACK GRASS TURF & AUTOMATIC WATER SYSTEM DESERT LANDSCAPING. HUGE BACKYARD WITH RV GATE/COVERED PATIO/AND LOTS OF GRASS TURF WITH ROOM TO PLAY!! ENTER HOME INTO THE SPACIOUS GREAT ROOM WITH COZY FIREPLACE. REMODELED KITCHEN WITH QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, GAS RANGE, WALK IN PANTRY. FAMILY ROOM FOR EXTRA PRIVACY WITH FRENCH DOORS TO EXTERIOR. 4 BEDRM WITH ONE BEDRM SPLIT. INSIDE LAUNDRY ROOM. LARGE CLOSETS. DUAL PANE WINDOWS. NEWER FIXTURES, BEDROOM CARPET, WATER HEATER, NEST AND RING SYSTEMS. *OWNER RELATED TO AGENT.*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Suncrest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $83k435k

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

Neighborhood: Suncrest Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8621987

* 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
Monte Vista Elementary School Primary Regular 721 43 4
Monte Vista Elementary School Middle Regular 721 43 4
Camelback High School High Regular 2,048 110 4

Monte Vista Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Monte Vista Elementary School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,324
Property Tax -$399
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$246

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.

$630,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$24,373

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
  • $2,778

    COMP ESTIMATED VALUE
  • $1.5

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4954$2,8505$3,150
$3,150
RENT COMPS ANALYSIS
  • 3744 E Amelia Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4315 E Piccadilly Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 4135 N 35th Way Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1953
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.47
    •  
  • 4302 N 35th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1958
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.54
    •  
  • 3928 E Fairmount Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.61
    •  
PROPERTY LISTING DETAILS
Deseree A Flores
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168290
Last Updated: 12/12/2020
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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