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4027 W Charter Oak Road Phoenix, AZ 85029

4 Beds 2 Baths 2,062 sqft Built 1997

$365,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $177.01
  • 3 Days on Market
  • MLS # : 6167886
  • Updated Date : 12/05/2020 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This 3 Bedroom 2 Bath home has it all and a bonus casita as well! It is located in a prime Phoenix location in the highly sought after Cactus Park community. This home is situated on a corner lot and has a large RV Gate for plenty of room for your toys. As you walk into the home you come into the living and dining area and that naturally leads you to the huge great room giving a that open feel everyone wants. The large kitchen island with seating and wall of cabinets make sure you have a plenty of prep and storage space. The Master bedroom is gigantic with enough room for a King bed and a full sitting area. Don't forget to check out the pool and spa in the back yard that is perfect for all year fun. The bonus casita is located through the garage door and has its own kitchenette as well.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Chaparral Elementary School Primary Regular 500 34 5
Desert Foothills Junior High School Middle Regular 660 32 6
Moon Valley High School High Regular 1,479 70 5

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 34
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,347
Property Tax -$218
Property Insurance -$67
HOA -$29
Property Management Fees -$99
CASH FLOW
-$70

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.

$365,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,452

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
  • $1,835

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,8004$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 4027 W Charter Oak Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12244 N 45th Avenue Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 1977
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 4007 W Rue De Lamour Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 3745 W Willow Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 4010 W Cactus Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,375 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,375 Sqft ∙ Built 1997
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Erik Geisler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167886
Last Updated: 12/05/2020
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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