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3778 E Zachary Drive Phoenix, AZ 85050

4 Beds 4 Baths 3,537 sqft Built 2010

$825,000

List Price

$3,660

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $233.25
  • 4 Days on Market
  • MLS # : 6189766
  • Updated Date : 02/06/2021 at 22:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,537 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Beautifully updated move-in ready open concept home with 4 bed +den, loft, 3.5 bath, located in sought Fireside Desert Ridge. The Redwood floor plan is known for its stunning curb appeal, courtyard entry, spiral staircase, & memorable owners retreat. Features include volume ceiling greatroom with on trend media wall, gourmet kitchen w/ custom island, double ovens, gas stove, 48'' refrigerator, quatz countertops, custom backsplash, and bar area -a true entertainers delight!. Head up stairs to large loft with walk out balcony - perfect as second family room or play area for the kids. Master bedroom with a private reading room, garden tub, seamless glass shower, & double closets -a real owners retreat! Walking distance to 12,000 sq ft award winning Fireside with Club House with beach

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fireside

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Fireside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342898

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$742,500$907,500$825,000

PURCHASE PRICE

$3,294$4,026$3,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,660
EXPENSES Loan Payment -$2,866
Property Tax -$520
Property Insurance -$96
HOA -$157
Property Management Fees -$99
CASH FLOW
-$77

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.

$825,000

PROJECTED PRICE

$3,660

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,866

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$38,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,660

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,652

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,6603$3,6954$3,6955$3,700
$3,700
RENT COMPS ANALYSIS
  • 3778 E Zachary Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,660
    • $1.03
    •  
  • 21437 N 39th Way Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2009
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.00
    •  
  • 21211 N 38th Place Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.04
    •  
  • 3811 E Quail Avenue Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2008
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,695
    • $1.04
    •  
  • 3910 E Ringtail Way Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,537 Sqft ∙ Built 2007
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Michael J Lauinger
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189766
Last Updated: 02/06/2021
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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