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4021 E Acoma Drive Phoenix, AZ 85032

5 Beds 3 Baths 3,385 sqft Built 1976

$649,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $191.73
  • 3 Days on Market
  • MLS # : 6178122
  • Updated Date : 01/08/2021 at 15:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,385 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Stunning new build in prime Phoenix location! This home has 5 huge bedrooms with 3 full baths, 9 ft ceilings throughout, split master floorplan, and open concept main living area. The gourmet kitchen is highly upgraded with custom cabinetry, stylish tiled backsplash, SS appliances, quartz countertops, and island with seating. The primary bedroom features dual walk-in closets, separate entrance to the backyard, large en-suite bath with beautiful walk-in shower with dual rainfall showerheads, and dual sinks. Backyard features low-maintenance artificial turf and rock, and patio area. Located close to excellent schools, parks, PV mall and restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

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
 

$584,100$713,900$649,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$2,254
Property Tax -$409
Property Insurance -$93
Property Management Fees -$99
CASH FLOW
-$645

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.

$649,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.34%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,609

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
  • $3,080

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,0003$3,200
$3,200
RENT COMPS ANALYSIS
  • 4021 E Acoma Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 1976 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15251 N 45th Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1989
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
  • 15241 N 45th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,706 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,706 Sqft ∙ Built 1988
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
PROPERTY LISTING DETAILS
Katie Patricia Shook
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178122
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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