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3915 E Yucca Street Phoenix, AZ 85028

3 Beds 2 Baths 1,814 sqft Built 1968

$499,950

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1968
  • Price/Sqft : $275.61
  • 6 Days on Market
  • MLS # : 6153159
  • Updated Date : 10/29/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,814 sqft
  • Baths : 2 full
Listing Agent

Velocity Re & Mgmt

Listing Agent's Description

Bonus room for home office or home schooling! This charming 3 bedroom 2 bath home is in the sought after Cavalier Estates 85028! The properties on this street are meticulously landscaped with No HOA. This stunning home has been updated inside and out with a 2-car garage and large 10,000+ SF lot. The backyard is a must see with a 60' long raised covered patio featuring over 700 SF of outdoor living space under 4 outdoor ceiling fans and room for outdoor couch, television, dining room and barbecue area. Additionally, there's a built in garden with cozy fire pit, sun deck, pebble-tec Salt pool, large grassy yard and gated back storage area with alley access. Lots of parking with the extra side driveway. The interior features all new roof in 2019, new AC in 2018, new garage motor in 2020...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cavalier Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k359k

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

Neighborhood: Cavalier Estates

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
Mercury Mine Elementary School Primary Regular 546 27 8
Mercury Mine Elementary School Middle Regular 546 27 8
Shadow Mountain High School High Regular 1,390 67 3

Mercury Mine Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Mercury Mine Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$449,955$549,945$499,950

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,845
Property Tax -$315
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$271

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.

$499,950

PROJECTED PRICE

$2,050

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$138,237

INVESTMENT

$138,237

Down Payment
$124,988
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,988
Loan Amount $374,963
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$13,417

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
  • $2,195

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2004$2,2955$2,500
$2,500
RENT COMPS ANALYSIS
  • 3915 E Yucca Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10809 N 33rd Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
  • 10602 N 35th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.13
    •  
  • 4043 E Cholla Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1974
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.31
    •  
  • 3735 E Sahuaro Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1969
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.30
    •  
PROPERTY LISTING DETAILS
James F Gilmore
Velocity Re & Mgmt
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153159
Last Updated: 10/29/2020
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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