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4028 E Crocus Drive Phoenix, AZ 85032

2 Beds 1 Baths 840 sqft Built 1975

$219,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $261.79
  • 2 Days on Market
  • MLS # : 6199981
  • Updated Date : 02/28/2021 at 02:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 840 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

Your new home is waiting for you in desirable Phoenix! This unique property gives you 2 carport spaces and a convenient easy care landscaping. Come take a look at this cozy and welcoming interior complete with laminate flooring, 2 perfectly sized bedrooms, 1 bathroom, and a den great for an office. Enjoy cooking your favorite recipes in this spotless eat-in kitchen providing black matching appliances, track lighting, and beautiful cabinetry. Large backyard with a large, shaded backyard with mature trees and Ramada, sparkling blue pool, and storage shed has tons of potential for customizing it any way you can imagine. The house is close to Fwy 51, shopping, and dining. Occupied. Must have permission to show. Will be holding open houses the first weekend on MLS. Please don't let out the cat.

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
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
 

$197,910$241,890$219,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$764
Property Tax -$144
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
$39

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.

$219,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.50%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$16,815

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
  • $985

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0753$1,1004$1,2755$1,300
$1,300
RENT COMPS ANALYSIS
  • 4028 E Crocus Drive Phoenix, AZ 1
    • 2 beds 1 baths ∙ 840 Sqft ∙ Built 1975 2 beds 1 baths ∙ 840 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4444 E Paradise Village Parkway N #143 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.08
    •  
  • 4444 E Paradise Village Parkway N #138 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1980
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.10
    •  
  • 3845 E Greenway Road #220 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,014 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,014 Sqft ∙ Built 1988
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.26
    •  
  • 13402 N 42nd Street Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1977 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1977
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.25
    •  
PROPERTY LISTING DETAILS
Tina Valiant
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199981
Last Updated: 02/28/2021
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.

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