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3935 E Rough Rider Road E #1021 Phoenix, AZ 85050

2 Beds 2 Baths 1,386 sqft Built 2006

$366,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $264.07
  • 4 Days on Market
  • MLS # : 6188176
  • Updated Date : 02/05/2021 at 19:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,386 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

OUTSTANDING TOWNHOME IN GORGEOUS AVIANO. SOUGHT AFTER 2 BEDROOM, 2 BATH SPLIT PLAN WITH DOUBLE TANDEM GARAGE. EXCELLENT LOCATION WITH STEPS TO THE PLAY STRUCTURE AND ACROSS THE STREET FROM THE COMMUNITY CENTER. BEAUTIFUL GRANITE COUNTERS, STAINLESS APPLIANCES IN VERY LARGE KITCHEN WITH ABUNDANT CABINETRY. PLANTATION SHUTTERS THROUGHOUT. GARAGE IS A TANDEM 2 CAR WITH A SUPER EXPOXY FLOOR COATING. FULLY SIZE LAUNDRY ROOM WITH FULL SIZE WASHER/DRYER. HOME IS BEAUTIFULLY CARED FOR. EASY TO SHOW. APPOINTMENTS MADE THROUGH SHOWING TIME. AGGRESSIVELY PRICED AND READY FOR PRESENTATION. OFFERS WILL BE REVIEWED ON MONDAY, FEBRUARY 8 AT 5:30.

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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
 

$329,400$402,600$366,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,271
Property Tax -$231
Property Insurance -$54
HOA -$368
Property Management Fees -$99
CASH FLOW
-$73

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.

$366,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,740

INVESTMENT

$102,740

Down Payment
$91,500
Rehab Estimate
$5,750
Closing Costs
$5,490

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,271

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,500
Loan Amount $274,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8503$1,9004$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 3935 E Rough Rider Road E #1021 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,386 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.41
    •  
  • 3935 E Rough Rider Road #1083 Phoenix, AZ 1
    • 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 2
    • 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 3
    • 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
    •  
  • 3935 E Rough Rider Road #1238 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,490 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,490 Sqft ∙ Built 2010
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.38
    •  
PROPERTY LISTING DETAILS
Ruth E Wachs
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188176
Last Updated: 02/05/2021
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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