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4031 E Rowel Road Phoenix, AZ 85050

3 Beds 2 Baths 1,854 sqft Built 1998

$472,500

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $254.85
  • 3 Days on Market
  • MLS # : 6181084
  • Updated Date : 01/15/2021 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

An Absolute Beauty in the Highly Desirable area of Desert Ridge. Saltwater Pool. 3 Bedroom. 2 Bath. Tasteful Designer Colors. Tile in all the walkways and Great Room. Upgraded Carpeting. Shutters throughout. Granite Counters in Kitchen and Baths! Stainless Steel Appliances. Oversized Walk In Pantry. Upgraded Raised Panel Cabinetry throughout. Generous Master Bedroom. Master Bath includes Double Sinks and Walk In Shower. Large Hall Pantry Storage! Updated Light Fixtures, Faucets, Kohler commodes. Newer AC and Gas Water Heater. Lovely Backyard perfect for Entertaining, Extended Paver Patio, Covered Patio, Cool Deck, Pebbletek Saltwater Play Pool, Professional Landscaping and Lighting. Fire pit Area. And a Dog Run! Garage boast storage as well with Cabinets and Storage Racks. This is it!

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
 

$425,250$519,750$472,500

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,641
Property Tax -$298
Property Insurance -$63
HOA -$12
Property Management Fees -$99
CASH FLOW
-$63

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.

$472,500

PROJECTED PRICE

$2,050

PROJECTED RENT

0.43%

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$130,963

INVESTMENT

$130,963

Down Payment
$118,125
Rehab Estimate
$5,750
Closing Costs
$7,088

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,641

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,125
Loan Amount $354,375
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,778

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
  • $2,058

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9954$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 4031 E Rowel Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4115 E Maya Way Cave Creek, AZ 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1997
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 4409 E Rowel Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
  • 4032 E Hide Trail Phoenix, AZ 4
    • 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
    •  
  • 4225 E Maya Way Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1996
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
PROPERTY LISTING DETAILS
Deanna Markosian
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181084
Last Updated: 01/15/2021
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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