Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3935 E Rough Rider Road #1070 Phoenix, AZ 85050

2 Beds 2 Baths 1,589 sqft Built 2006

$399,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $251.67
  • 2 Days on Market
  • MLS # : 6190886
  • Updated Date : 02/06/2021 at 17:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,589 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this tri-level townhome in the gated community of The Villages at Aviana! This home has refreshed with new interior paint and new carpet. On the ground floor are the foyer and laundry and two car garage. The kitchen features granite countertops and stainless steel appliances. One bedroom and full bathroom on the main floor, great for guests. The primary suite is on the third floor. The primary ensuite bathroom has dual sinks, separate shower and tub, and a large walk in closet. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access. Vacant and ready for viewing, come see!

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,389
Property Tax -$252
Property Insurance -$58
HOA -$367
Property Management Fees -$99
CASH FLOW
-$115

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.

$399,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.51%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0503$2,0504$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 3935 E Rough Rider Road #1070 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3935 E Rough Rider Road #1074 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,697 Sqft ∙ Built 2006
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.21
    •  
  • 3935 E Rough Rider Road #1224 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2007
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.29
    •  
  • 3935 E Rough Rider Road #1238 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,490 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,490 Sqft ∙ Built 2010
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.38
    •  
  • 3935 E Rough Rider Road #1225 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,589 Sqft ∙ Built 2010
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.29
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190886
Last Updated: 02/06/2021
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.

BESbswy