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3948 E Navigator Lane Phoenix, AZ 85050

4 Beds 5 Baths 4,499 sqft Built 2004

$959,000

List Price

$4,310

$4.1K - $4.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $213.16
  • 3 Days on Market
  • MLS # : 6156072
  • Updated Date : 11/14/2020 at 15:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,499 sqft
  • Baths : 4 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Stunning, popular single level home in Aviano, 4BR, 4.5 Bath and 4499 S/F. This Toll Brothers Venado floor plan includes a casita with private entrance on an oversized premium corner lot, N/S exposure with open space on two sides. Kitchen is a chefs dream complete with upgraded appliances, double ovens, and gas cook top. Great room includes a 700+ bottle wine room and wet bar with ice-maker. Amazing split plan with 2 B/R (Private Baths and custom closets) and 20X15 bonus room with built-in cabinets. Elegant, professionally landscaped backyard with built in BBQ, fire pit, and fountain. Walk to fabulous community amenities-pool, spa, and clubhouse.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Aviano at Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343911

* 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
 

$863,100$1,054,900$959,000

PURCHASE PRICE

$3,879$4,741$4,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,310
EXPENSES Loan Payment -$3,538
Property Tax -$607
Property Insurance -$115
HOA -$220
Property Management Fees -$99
CASH FLOW
-$269

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$959,000

PROJECTED PRICE

$4,310

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 1.6%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$259,885

INVESTMENT

$259,885

Down Payment
$239,750
Rehab Estimate
$5,750
Closing Costs
$14,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$3,538

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $239,750
Loan Amount $719,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$38,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,310

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $4,604

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$4,250
1$4,2502$4,3103$4,5004$4,700
$4,700
RENT COMPS ANALYSIS
  • 3948 E Navigator Lane Phoenix, AZ 2
    • 4 beds 5 baths ∙ 4,499 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,499 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,310
    • $0.96
    •  
  • 3124 E Half Hitch Place Phoenix, AZ 1
    • 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,501 Sqft ∙ Built 2014
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.94
    •  
  • 3860 E Expedition Way Phoenix, AZ 3
    • 4 beds 5 baths ∙ 4,165 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,165 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.08
    •  
  • 3952 E Expedition Way Phoenix, AZ 4
    • 4 beds 5 baths ∙ 4,455 Sqft ∙ Built 2004 4 beds 5 baths ∙ 4,455 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ross Bimson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156072
Last Updated: 11/14/2020
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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