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3823 E Ahwatukee Drive Phoenix, AZ 85044

4 Beds 3 Baths 2,314 sqft Built 1983

$489,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $211.32
  • 2 Days on Market
  • MLS # : 6170702
  • Updated Date : 12/12/2020 at 10:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,314 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

BEAUTIFUL & SPACIOUS HOME IN THE BEST AHWATUKEE LOCATION!!! GREAT CURB APPEAL!!*FORMAL LIVING & DINING ROOM*FAMILY ROOM W/BRICK FIREPLACE*KITCHEN INCLUDES: S/S APPLIANCES, DOUBLE OVENS, COOKTOP, SLAB GRANITE COUNTERS, BACKSPLASH, PANTRY, & RECESSED LIGHTING*UPGRADED FIXTURES THROUGHOUT*PLANTATION SHUTTERS*NEUTRAL CARPET*HARDWOOD FLOORING*LARGE MASTER SUITE W/STUNNING VIEWS FROM WOOD DECK*MASTER BATH W/LARGE SHOWER, DUAL VANITIES, & WALK-IN CLOSET*3 MORE GUEST BEDROOMS UPSTAIRS*SPACIOUS LAUNDRY ROOM*EXTREMELY PRIVATE RESORT STYLE BACKYARD WITH LARGE DECK, DIVING POOL, GARDEN, GAZEBO, BUILT-IN BBQ, & CITRUS TREES*BACKS TO WASH*VIEWS ALL AROUND THE PROPERTY!!*DO NOT MISS THIS IMMACULATE HOME IN YOUR DREAM LOCATION!*CLOSE TO EVERYTHING AHWATUKEE HAS TO OFFER*THIS ONE WILL NOT LAST LONG!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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 De La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,804
Property Tax -$348
Property Insurance -$72
HOA -$2
Property Management Fees -$99
CASH FLOW
-$145

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.

$489,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,337

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1804$2,1955$2,299
$2,299
RENT COMPS ANALYSIS
  • 3823 E Ahwatukee Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.94
    •  
  • 13216 S 40th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 12029 S Oneida Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1978
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 13402 S 38th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.00
    •  
  • 3937 E Keresan Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.07
    •  
PROPERTY LISTING DETAILS
Geno Ross
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170702
Last Updated: 12/12/2020
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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