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3933 E Monte Cristo Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,411 sqft Built 1987

$395,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $279.94
  • 2 Days on Market
  • MLS # : 6173100
  • Updated Date : 12/18/2020 at 23:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,411 sqft
  • Baths : 2 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

This remodeled home is move-in ready with a sparkling pool and huge park in your front yard. As you enter you will notice the vaulted ceilings, fresh paint and neutral flooring in the living room. Around the corner is the kitchen with white shaker cabinets, granite countertops and stainless steel appliances. Down the hall is the large master bedroom with large walk in closet and new carpet. The master bath features a dual vanity and walk in shower. Down the hall is guest bath and bedroom. The 3rd bedroom could make a great office or guest room with the white shaker built ins and tile floors.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Park West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k289k

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

Neighborhood: Tatum Park West

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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,457
Property Tax -$249
Property Insurance -$55
HOA -$43
Property Management Fees -$99
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6403$1,6454$1,7255$1,799
$1,799
RENT COMPS ANALYSIS
  • 3933 E Monte Cristo Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.16
    •  
  • 3330 E Tierra Buena Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 2001
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.14
    •  
  • 4102 E Karen Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.08
    •  
  • 3903 E Marconi Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1987
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.24
    •  
  • 16621 N 34th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1992
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.18
    •  
PROPERTY LISTING DETAILS
Wyley Brown
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173100
Last Updated: 12/18/2020
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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