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3814 E Blue Flax Avenue Phoenix, AZ 85044

3 Beds 2 Baths 1,250 sqft Built 1988

$334,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $267.92
  • 3 Days on Market
  • MLS # : 6181249
  • Updated Date : 01/15/2021 at 07:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,250 sqft
  • Baths : 2 full
Listing Agent

On Q Property Management

Listing Agent's Description

Come see this 3 Bed / 2 Bath home in Mountain Park Ranch, a highly sought after subdivision with a community pool! The interior features vaulted ceilings, a tile roof, a low maintenance yard, and a large covered patio. Mountain Park Ranch has low HOA fees, and offers some of the best amenities in the Foothills with 3 community pools, tennis courts, playgrounds... all for just $25 per month. ** Pictures are from December 2015 **

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saguaro Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Saguaro Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,163
Property Tax -$238
Property Insurance -$52
HOA -$4
Property Management Fees -$99
CASH FLOW
-$86

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.

$334,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,251

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,469

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4703$1,4954$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 3814 E Blue Flax Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.18
    •  
  • 3830 E Lakewood Parkway #2018 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 3830 E Bighorn Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 3830 E Lakewood Parkway #1050 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.23
    •  
  • 3610 E Windmere Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1991
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Eric Dixon
On Q Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181249
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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