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3919 W Desert Hollow Drive Phoenix, AZ 85083

4 Beds 3 Baths 2,134 sqft Built 1999

$379,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $177.60
  • 3 Days on Market
  • MLS # : 6157092
  • Updated Date : 11/06/2020 at 10:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful family home located on quiet street in Stetson Hills. 4 bed, 2.5 bath, RV Gate, granite countertops. Great area for outdoor activities including hiking, biking, golf, and also plentiful shopping in close vicinity to Norterra. Come and see today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k456k

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

Neighborhood: Stetson Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342198

* 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
Stetson Hills School Primary Regular 1,083 55 9
Stetson Hills School Middle Regular 1,083 55 9
Sandra Day O'connor High School High Regular 2,481 108 6

Stetson Hills School

  • Education Level: Primary
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Stetson Hills School

  • Education Level: Middle
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,398
Property Tax -$227
Property Insurance -$69
HOA -$21
Property Management Fees -$99
CASH FLOW
-$4

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.

$379,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$25,839

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,862

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,8453$1,9004$1,9755$1,975
$1,975
RENT COMPS ANALYSIS
  • 3919 W Desert Hollow Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.85
    •  
  • 4128 W Whispering Wind Drive Glendale, AZ 2
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1992
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.88
    •  
  • 25423 N Hackberry Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 24623 N 46th Avenue Glendale, AZ 4
    • 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2004
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.87
    •  
  • 4652 W Whispering Wind Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,281 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.87
    •  
PROPERTY LISTING DETAILS
Christopher Bemis
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157092
Last Updated: 11/06/2020
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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