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3918 E Crittenden Lane Phoenix, AZ 85018

4 Beds 5 Baths 3,433 sqft Built 2019

$1,499,000

List Price

$4,780

$4.5K - $5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $436.64
  • 5 Days on Market
  • MLS # : 6159221
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,433 sqft
  • Baths : 4 full , 1 half
Listing Agent

Camelback Real Estate Assoc.

Listing Agent's Description

Stunning home with soaring ceilings, great room with sliding stacking doors to over-sized patio. Exquisite designer upgrades including gourmet kitchen, Wolf & Subzero appliances, quartz counter tops, 3 car garage. Gorgeous master suite downstairs, upstairs additional living space with picture windows/ views to Camelback Mountain and 3 balconies with mountain views. Enjoy private community park & pool. Baker Park is a peaceful, gated enclave of just 44 semi-custom homes, centrally nestled in the heart of town. Walk to dining/shops, minutes to anywhere you want to be. Ready to move in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Monte Vista Elementary School Primary Regular 721 43 4
Monte Vista Elementary School Middle Regular 721 43 4
Camelback High School High Regular 2,048 110 4

Monte Vista Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Monte Vista Elementary School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 43
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$1,349,100$1,648,900$1,499,000

PURCHASE PRICE

$4,302$5,258$4,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,780
EXPENSES Loan Payment -$5,531
Property Tax -$950
Property Insurance -$94
HOA -$212
Property Management Fees -$99
CASH FLOW
-$2,106

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$1,499,000

PROJECTED PRICE

$4,780

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$399,235

INVESTMENT

$399,235

Down Payment
$374,750
Rehab Estimate
$2,000
Closing Costs
$22,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $374,750
Loan Amount $1,124,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,780

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $4,798

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,5003$4,6004$4,7805$5,000
$5,000
RENT COMPS ANALYSIS
  • 3918 E Crittenden Lane Phoenix, AZ 4
    • 4 beds 5 baths ∙ 3,433 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,433 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,780
    • $1.39
    •  
  • 5108 N 34th Place Phoenix, AZ 1
    • 5 beds 6 baths ∙ 3,273 Sqft ∙ Built 2002 5 beds 6 baths ∙ 3,273 Sqft ∙ Built 2002
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.30
    •  
  • 5112 N 34th Place Phoenix, AZ 2
    • 5 beds 6 baths ∙ 3,273 Sqft ∙ Built 2002 5 beds 6 baths ∙ 3,273 Sqft ∙ Built 2002
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.37
    •  
  • 3226 E Sells Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.46
    •  
  • 4431 N 36th Place Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.46
    •  
PROPERTY LISTING DETAILS
Tracy Hoskins
Camelback Real Estate Assoc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159221
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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