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3843 E Ironwood Drive Phoenix, AZ 85044

3 Beds 2 Baths 1,373 sqft Built 1987

$320,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $233.07
  • 2 Days on Market
  • MLS # : 6179107
  • Updated Date : 01/09/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,373 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come and enjoy life in this delightful, move-in ready, 3/2 beauty in Keystone! This appealing floorplan is entirely welcoming, w/ soaring ceilings, and barn door. Kitchen includes a movable island, and tons of pantry space. One bedroom and full bath on the ground level. Master offers ensuite bathroom, w/ double vanity and spacious walk-in closet. Other bedroom is the perfect home office/flex space to maximize productivity.N/S exposure, and low-maintenance back yard. HOA maintains front yard. Mountain Park Ranch offers 3 Jr. Olympic sparkling pools (one heated), 3 spas, tennis courts, basketball, sand volleyball, playgrounds, and picnic areas. There are walking trails & awesome hiking nearby. Kyrene School District! Close to freeways, and tons of dining/shopping. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

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 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,111
Property Tax -$228
Property Insurance -$54
HOA -$152
Property Management Fees -$99
CASH FLOW
-$74

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.

$320,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6004$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 3843 E Ironwood Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,373 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4047 E Jojoba Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.07
    •  
  • 3937 E Orchid Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1987
    LEASED 04/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.13
    •  
  • 3806 E Orchid Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,420 Sqft ∙ Built 1989
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.19
    •  
  • 3605 E Agave Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 1987
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.20
    •  
PROPERTY LISTING DETAILS
Grace Brazier
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179107
Last Updated: 01/09/2021
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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