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3999 E Morning Dove Trail Phoenix, AZ 85050

3 Beds 3 Baths 3,053 sqft Built 2004

$845,000

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $276.78
  • 6 Days on Market
  • MLS # : 6192317
  • Updated Date : 03/12/2021 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

This one is going to go fast! Completely and professionally remodeled in 2021, this beautiful 2-story home in sought-after Aviano community is on an oversized, pie-shaped lot next to a wash with wonderful north/south exposure and 3-car tandem garage. Enter through a private gate into a welcoming front covered courtyard, which is also accessible from the home's formal dining room. Stepping through the front door, you'll notice all new beautiful wood-like flooring, a formal living room with gas fireplace and formal dining room. The bright all new kitchen is open to a spacious family room, casual dining space, and dazzles w/new white soft-close shaker cabinets, a new grey accent island, new quartz counters, all new stainless steel appliances, and desk area. A butler's pantry leads to the

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
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
 

$760,500$929,500$845,000

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,935
Property Tax -$532
Property Insurance -$87
HOA -$220
Property Management Fees -$99
CASH FLOW
-$463

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.

$845,000

PROJECTED PRICE

$3,410

PROJECTED RENT

0.40%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$13,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $3,419

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,1003$3,4004$3,4105$3,600
$3,600
RENT COMPS ANALYSIS
  • 3999 E Morning Dove Trail Phoenix, AZ 4
    • 3 beds 3 baths ∙ 3,053 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,053 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.12
    •  
  • 3930 E Daley Lane Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 3827 E Morning Dove Trail Phoenix, AZ 2
    • 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,790 Sqft ∙ Built 2005
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.11
    •  
  • 3838 E Cat Balue Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,782 Sqft ∙ Built 2012
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.22
    •  
  • 22611 N 39th Terrace Phoenix, AZ 5
    • 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Chris W Kirkpatrick
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192317
Last Updated: 03/12/2021
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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