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

4002 W Hatcher Road W Phoenix, AZ 85051

4 Beds 2 Baths 1,725 sqft Built 1970

$350,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $202.90
  • 7 Days on Market
  • MLS # : 6154984
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,725 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Home is new to the market & seller is still completing minor repairs; please mask up & be aware student is doing school from home still. (Masks and sanitizer avail.).Located in a well kept mature neighborhood this beautifully semi-upgraded home will offer your family tons of fun & entertainment in the large bkyd with pool & space to play corn-hole. This home boasts four bedrooms, one being used as a home office and the dining room will fit small and large families during the holidays!! Gas range in upgraded kitchen serves two purposes; economical cooking and open feel for those entertaining nights. This large lot with no HOA allows for entertaining beyond your imagination. A MUST see!! Schedule your showing today with LA; no lockbox until end of November but communication goes a long way

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newcastle Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Newcastle Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Cactus Wren Elementary School Primary Regular 529 33 5
Cactus Wren Elementary School Middle Regular 529 33 5
Cortez High School High Regular 1,127 55 4

Cactus Wren Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 33
5
GreatSchools Rating

Cactus Wren Elementary School

  • Education Level: Middle
  • # of students: 529
  • # of teachers: 33
5
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,291
Property Tax -$209
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$290

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$350,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$5,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,370
1$1,3702$1,4003$1,4504$1,4655$1,600
$1,600
RENT COMPS ANALYSIS
  • 4002 W Hatcher Road W Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,725 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.79
    •  
  • 9447 N 41st Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1969
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 4249 W Townley Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 3828 W Mission Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.83
    •  
  • 4207 W Mission Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1968
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Amy Goble
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154984
Last Updated: 11/13/2020
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.

BESbswy