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3808 S 53rd Drive Phoenix, AZ 85043

4 Beds 3 Baths 1,803 sqft Built 2005

$225,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $124.79
  • 3 Days on Market
  • MLS # : 6160165
  • Updated Date : 11/14/2020 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 3 full
Listing Agent

Homelogic Real Estate

Listing Agent's Description

This GREAT 4 bed/3 bath home is located in Riverbend with charming tree lined streets and lots of green space! Front entrance with GORGEOUS stone details. Open concept living, dining and kitchen is perfect for entertaining! Large primary bedroom with en suite bath and huge walk-in closet! One bed/bath on first floor. Private low maintenance side yard! Located directly across the street from expansive park w/playground! Close to restaurants, stores and entertainment! Easy access to 202! Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7361567

* 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
Kings Ridge School Primary Regular 381 17 5
Kings Ridge School Middle Regular 381 17 5
Betty Fairfax High School High Regular 1,903 104 3

Kings Ridge School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Kings Ridge School

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$830
Property Tax -$133
Property Insurance -$62
HOA -$99
Property Management Fees -$99
CASH FLOW
$186

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.

$225,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$34,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,573

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3953$1,4104$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 3808 S 53rd Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.78
    •  
  • 3705 S 52nd Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 5214 W Illini Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 5419 W Atlantis Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 5206 W Illini Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Timothy J Cusick
Homelogic Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160165
Last Updated: 11/14/2020
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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