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

4009 E Dahlia Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,865 sqft Built 1984

$410,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $219.84
  • 4 Days on Market
  • MLS # : 6197784
  • Updated Date : 02/25/2021 at 22:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,865 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move-in ready in north Phoenix with easy access to PV mall area and SR51! Priced below recent remodels to allow for your easy personal updates. Great room floor plan with eat-in kitchen, 3 bedrooms, 2 baths, wood burning fireplace, large indoor laundry/utility room and extra garage storage space. Updated tile floors throughout most of home with recent neutral wall colors. Low-maintenance private back and side yards and a community pool round out the features!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k303k

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

Neighborhood: Sweetwater Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621737

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,424
Property Tax -$258
Property Insurance -$64
HOA -$130
Property Management Fees -$99
CASH FLOW
-$105

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.

$410,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$5.0k$0.0$5.0k$10k$15k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$14,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,8704$2,0495$2,250
$2,250
RENT COMPS ANALYSIS
  • 4009 E Dahlia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.00
    •  
  • 13629 N 38th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1971
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 12728 N 40th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 3770 E Pershing Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1972
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $1.06
    •  
  • 12808 N 38th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1979
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.29
    •  
PROPERTY LISTING DETAILS
Keith R Reece
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197784
Last Updated: 02/25/2021
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.

BESbswy