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4026 E La Puente Avenue Phoenix, AZ 85044

3 Beds 2 Baths 1,158 sqft Built 1985

$370,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $319.52
  • 2 Days on Market
  • MLS # : 6157759
  • Updated Date : 11/07/2020 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,158 sqft
  • Baths : 2 full
Listing Agent

Gehan Homes

Listing Agent's Description

Must see single family home that is right at the base of the South Mountain. NO HOA! It has 3 bedrooms, 2 bathrooms, eat in kitchen, brick fireplace and a beautiful heated pool. New paint, new tile and carpet and is extremely well kept and cared for and it shows! The yard has been beautifully redone with desert landscape.Don't miss out on this incredible home in such an amazing neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Foothills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Desert Foothills Estates

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 De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,365
Property Tax -$263
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$387

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.

$370,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,712

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
  • $1,306

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 4026 E La Puente Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,158 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4502 E San Gabriel Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1976
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
  • 4234 E Tamaya Street Ahwatukee, AZ 3
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 4805 E Kachina Trail #10 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,469 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,469 Sqft ∙ Built 1996
    property image
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 4805 E Kachina Trail #33 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
PROPERTY LISTING DETAILS
Michael J Bergs
Gehan Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157759
Last Updated: 11/07/2020
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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