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3824 E Carson Road Phoenix, AZ 85042

3 Beds 2 Baths 2,270 sqft Built 1999

$449,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $197.80
  • 4 Days on Market
  • MLS # : 6188192
  • Updated Date : 02/06/2021 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,270 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72Hour Home Sale ! Inquire Immediately to BID NOW! This is your chance to live on one of Az's most popular North/South Exposure golf course lots! Perfectly situated overlooking hole 4, maximizing the gorgeous views. Upgrades throughout including built in entertaining with mini fridge outfitted for multiple TV's. This division perfectly separates the living room from the family room. Open kitchen with plenty of work/storage space. Plantation shutters throughout along with upgraded lighting, fresh paint, and upgrades throughout home. Gorgeous stone accented fireplace in family room joining the kitchen creating an open concept. Sellers have loved the lifestyle of living on a golf course lot. Additional purchase of a new home with horse privileges forces sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pines at the Raven

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k300k

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

Neighborhood: Pines at the Raven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341828

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,560
Property Tax -$292
Property Insurance -$71
HOA -$165
Property Management Fees -$99
CASH FLOW
-$287

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.

$449,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 2.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,958

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,8754$1,9005$2,399
$2,399
RENT COMPS ANALYSIS
  • 3824 E Carson Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,270 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,270 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 3848 E Pollack Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 2004
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 7725 S 37th Way Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,099 Sqft ∙ Built 2011
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 3831 E Carter Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1998
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.83
    •  
  • 3907 E Branham Lane Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,365 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,365 Sqft ∙ Built 2010
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.01
    •  
PROPERTY LISTING DETAILS
John Hrimnak
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188192
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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