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3935 E Rough Rider Road #1325 Phoenix, AZ 85050

3 Beds 3 Baths 1,576 sqft Built 2016

$435,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $276.02
  • 4 Days on Market
  • MLS # : 6174697
  • Updated Date : 01/07/2021 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Location! Enjoy resort-style living at this highly sought-after master-planned community-The Villages of Aviano in Desert Ridge! This stunning 3 bedroom/2 bathroom is a former model home that has modern upgrades throughout. The functional floorplan offers a split master suite w/dual sinks, spacious walk-in closet & ample cabinets. Gourmet kitchen w/upgraded stainless steel appliances & quartz countertops.This home boasts Maple Espresso Cabinetry throughout, tile flooring in all the right places. Ceiling fans in every room, ceiling speakers for TV/music, extra storage, relaxing patios, Epoxy garage floor. 2 resort-style pools, basketball, tennis, volleyball courts, rock climbing wall, walking & biking trails & parks. Walking distance to nice schools, restaurants, DR Marketplace & City North

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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
9
GreatSchools Rating

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
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,511
Property Tax -$274
Property Insurance -$58
HOA -$387
Property Management Fees -$99
CASH FLOW
-$179

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.

$435,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.49%

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $1.36

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1504$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 3935 E Rough Rider Road #1325 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.36
    •  
  • 3935 E Rough Rider Road #1264 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2015
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 3935 E Rough Rider Road #1292 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,576 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 3935 E Rough Rider Road #1348 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2017
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.40
    •  
  • 3935 E Rough Rider Road #1376 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.43
    •  
PROPERTY LISTING DETAILS
Yuk Tsan Cheung
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174697
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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