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

4005 E Amberwood Drive Phoenix, AZ 85048

3 Beds 2 Baths 1,210 sqft Built 1988

$335,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $276.86
  • 4 Days on Market
  • MLS # : 6159438
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,210 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Check out this 3 bed, 2 bath move-in ready Ahwatukee home! This home has fresh interior paint and brand NEW HVAC system installed in Oct. Private backyard is shaded and clean, ready for your finishing touches. Interior features include: granite countertops, stainless steel appliances and upgraded tile shower walls. All appliances convey to new owners. Low HOA dues at $55 per quarter. Let's talk about location... it's just minutes away from South Mountain Park, the largest municipal park in the USA! Take advantage of the endless hiking and biking trails this unique park as to offer. Parents will appreciate the highly rated Kyrene School District. With easy access to I-10, 101 and 202 Freeways, this home's location is outstanding. Schedule your visit today or check out the 3D Virtual Tour!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Remington Trace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Remington Trace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,236
Property Tax -$238
Property Insurance -$51
HOA -$6
Property Management Fees -$99
CASH FLOW
-$130

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.

$335,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5504$1,5505$1,750
$1,750
RENT COMPS ANALYSIS
  • 4005 E Amberwood Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,210 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
  • 3830 E Lakewood Parkway #2018 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 3830 E Lakewood Parkway #1050 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1995
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.23
    •  
  • 4067 E Mountain Vista Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,228 Sqft ∙ Built 1988
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.26
    •  
  • 4302 E Windmere Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1990
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.29
    •  
PROPERTY LISTING DETAILS
Mark W Daker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159438
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