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3813 E Carol Ann Way Phoenix, AZ 85032

3 Beds 2 Baths 1,771 sqft Built 1985

INVESTimate

$439,000

List Price

$1,700

$1,530 - $1,870

Rent Est.

$462,048  ( +5.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $247.88
  • 5 Days on Market
  • MLS # : 6121391
  • Updated Date : 08/25/2020 at 00:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,771 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

A RARE FIND in the Highly Desirable Silvertree community with nicely maintained homes & multiple parks! This Amazing home with OPEN floor plan & VAULTED CEILINGS, STUNNING and SPACIOUS living and family room, raised hallway ceilings, NEW custom kitchen with large island and BRAND NEW SS appliances, new tile floor, new sliding glass patio door, new paint, updated elegant bathrooms, NEW energy efficient windows, new Airduct, and new LED ceiling fans! Split entry Master suite features double door entrance, walk-in closet, large step-in shower, and double vanities! LOW HOA! PV School District!!! Easy to maintain desert landscaping with REAL grass in the backyard and automatic watering system. East access to freeway 51 and 101, close to Desert Ridge and Paradise Valley. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Silvertree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,530$1,870$1,700

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,620
Property Tax -$276
Property Insurance -$62
HOA -$35
Property Management Fees -$99
CASH FLOW
-$392

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.

$439,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,7004$1,7505$2,000
$2,000
RENT COMPS ANALYSIS
  • 3813 E Carol Ann Way Phoenix, 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 3820 E Carol Ann Way Phoenix, 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1985
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 3820 E Waltann Lane Phoenix, 2
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1984
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 3831 E Edna Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 16230 N 37th Place Phoenix, 5
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1975
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Maggie Wu
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121391
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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