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3853 E Branham Lane Phoenix, AZ 85042

3 Beds 3 Baths 1,716 sqft Built 2011

$359,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $209.73
  • 6 Days on Market
  • MLS # : 6158554
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full , 1 half
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this updated home in the gated community of Blossom Hills! This home has been refreshed with new interior paint and new carpet. Open concept living and dining space with lots of natural light. The kitchen features granite countertops, an island for extra prep and storage, and all appliances. Half bathroom on the main floor for guests' convencience. All bedrooms, full bathrooms, a loft and the laundry located on the second floor. The primary bedroom has a full ensuite bathroom with separates shower and tub and a walk in closet. All bedrooms have large closets. The backyard has a large patio area and a firepit, great for outdoor entertaining. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blossom Hills East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k313k

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

Neighborhood: Blossom Hills East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621688

* 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
Cloves C. Campbell Sr. Elementary School Primary Regular 577 28 5
Cloves C. Campbell Sr. Elementary School Middle Regular 577 28 5
South Mountain High School High Regular 1,706 102 2

Cloves C. Campbell Sr. Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

Cloves C. Campbell Sr. Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

South Mountain High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,328
Property Tax -$234
Property Insurance -$61
HOA -$99
Property Management Fees -$99
CASH FLOW
-$220

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.

$359,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,718

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
  • $1,733

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 3853 E Branham Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,716 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3832 E Pollack Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 7522 S 31st Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2007
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 3136 E Donner Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 6827 S 39th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998
    property image
    LEASED 02/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158554
Last Updated: 11/13/2020
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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