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3935 E Rough Rider Road #1006 Phoenix, AZ 85050

3 Beds 3 Baths 1,861 sqft Built 2006

$449,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $241.27
  • 4 Days on Market
  • MLS # : 6209098
  • Updated Date : 03/18/2021 at 22:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,861 sqft
  • Baths : 3 full
Listing Agent

Arizona Luxury Real Estate

Listing Agent's Description

TENANT IN PLACE until 07/01/2021. This well appointed and well kept unit is a must see! Located in The Villages at Aviano, this three bedroom and three bathroom unit is only minutes away from Desert Ridge Marketplace and all of the shopping and restaurants that it has to offer. Conveniently located near the 101 and 51 freeways which makes getting around a breeze. Stainless steel appliances, large great room, wood flooring, two car attached garage, gated community, and three full bathrooms are just some of the many features this property has to offer! Large community pool and common area are perfect for some fun and relaxing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages at Aviano Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Villages at Aviano Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342215

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,560
Property Tax -$283
Property Insurance -$63
HOA -$387
Property Management Fees -$99
CASH FLOW
-$132

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.

$449,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,457

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2603$2,4004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 3935 E Rough Rider Road #1006 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,861 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.21
    •  
  • 21642 N 44th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1998
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.20
    •  
  • 3960 E Cat Balue Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,764 Sqft ∙ Built 2009
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.36
    •  
  • 21646 N 44th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
  • 3949 E Melinda Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 2008
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
Perry Bergelt
Arizona Luxury Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209098
Last Updated: 03/18/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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