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3744 W Jacksonville Drive Phoenix, AZ 85086

4 Beds 3 Baths 3,190 sqft Built 2004

INVESTimate

$399,900

List Price

$2,030

$1,827 - $2,233

Rent Est.

$419,655  ( +4.94%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $125.36
  • 9 Days on Market
  • MLS # : 6117730
  • Updated Date : 08/25/2020 at 17:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,190 sqft
  • Baths : 3 full
Listing Agent

Urban Luxe Real Estate

Listing Agent's Description

Beautiful two-story home featuring 3 car tandem garage, 4 bed, 3 bath, large loft and master bedroom located on first and second floor. Travertine tile and wood floors throughout the main level. Open floor plan for the kitchen, dining and family room. The kitchen has cherry cabinets, granite counters, SS appliances with gas cooktop stove and a large walk-in pantry. Generous sized bedrooms with walk-in closets. Home is located in the award winning community of Anthem. Easy access to schools, Anthem Amenities and major freeways.

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PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $122k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10242203

* 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
Canyon Springs School Primary Regular 782 44 7
Canyon Springs School Middle Regular 782 44 7
Boulder Creek High School High Regular 2,639 105 6

Canyon Springs School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Canyon Springs School

  • Education Level: Middle
  • # of students: 782
  • # of teachers: 44
7
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,475
Property Tax -$357
Property Insurance -$89
HOA -$84
Property Management Fees -$99
CASH FLOW
-$75

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.

$399,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1753$2,1954$2,4005$2,700
$2,700
RENT COMPS ANALYSIS
  • 3744 W Jacksonville Drive Phoenix, 1
    • 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,190 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.64
    •  
  • 3740 W Medinah Way Anthem, 2
    • 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,389 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.64
    •  
  • 3043 W Walden Drive Anthem, 3
    • 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,213 Sqft ∙ Built 1999
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.68
    •  
  • 3659 W Wayne Lane Anthem, 4
    • 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,389 Sqft ∙ Built 2004
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 40027 N Pride Drive Anthem, 5
    • 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
PROPERTY LISTING DETAILS
Kenneth Lena
Urban Luxe Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117730
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.

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