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4017 E Prickly Pear Trail Phoenix, AZ 85050

4 Beds 3 Baths 1,909 sqft Built 1998

$475,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $248.82
  • 4 Days on Market
  • MLS # : 6154375
  • Updated Date : 10/30/2020 at 22:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Lovely home in highly sought-after neighborhood of Tatum Highlands. Guest room with full bath downstairs. Upstairs Master Bedroom has spacious walk out balcony where you can enjoy the lovely summer evenings. Master bath has been remodeled. The light and bright kitchen opens to the family room plus formal Living/Dinning area. Large resort style backyard with pool and newly paved patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k409k

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

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342195

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,753
Property Tax -$299
Property Insurance -$64
HOA -$12
Property Management Fees -$99
CASH FLOW
-$87

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.

$475,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,2004$2,3505$2,550
$2,550
RENT COMPS ANALYSIS
  • 4017 E Prickly Pear Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4032 E Hide Trail Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1997
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.18
    •  
  • 26011 N 41st Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 25829 N 41st Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,909 Sqft ∙ Built 1997
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.23
    •  
  • 26001 N 41st Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.21
    •  
PROPERTY LISTING DETAILS
Jamie H Liguori
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154375
Last Updated: 10/30/2020
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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