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3935 E Rough Rider Road #1055 Phoenix, AZ 85050

2 Beds 2 Baths 1,276 sqft Built 2006

$375,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $293.89
  • 3 Days on Market
  • MLS # : 6207150
  • Updated Date : 03/19/2021 at 13:18
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,276 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Great opportunity to own a fantastic tri-level home in The Village at Aviano! Step inside this gorgeous property to find a bright & airy living room, formal dining, carpet in all the right places, and a kitchen equipped with maple cabinets & stainless steel appliances. The master bedroom has a private bathroom with dual vanity & a walk-in closet. The second master suite has a full bathroom with tub/shower combo. Resort living at its finest in this wonderful community! The amenities include a pool, spa, common BBQ, outdoor fireplace, and lush green areas. Make an offer before it's gone!

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,303
Property Tax -$236
Property Insurance -$52
HOA -$402
Property Management Fees -$99
CASH FLOW
-$342

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.

$375,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3935 E Rough Rider Road #1055 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,276 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.37
    •  
  • 3935 E Rough Rider Road #1195 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,334 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,334 Sqft ∙ Built 2007
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.24
    •  
  • 3935 E Rough Rider Road #1083 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 2006
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.34
    •  
  • 3935 E Rough Rider Road #1266 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 2014 2 beds 3 baths ∙ 1,267 Sqft ∙ Built 2014
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.46
    •  
  • 3935 E Rough Rider Road #1139 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,276 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,276 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.49
    •  
PROPERTY LISTING DETAILS
Matthew Caren
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207150
Last Updated: 03/19/2021
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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