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4036 E Rowel Road Phoenix, AZ 85050

4 Beds 2 Baths 1,712 sqft Built 1998

$405,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $236.57
  • 2 Days on Market
  • MLS # : 6162748
  • Updated Date : 11/28/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,712 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Must have appointment to show. No Showing time registration until 11/28/2020. Current tenant lease is until February 28th 2021, please give 48 hour notice to show. Currently leased for $1850/month. Island kitchen, lots of storage, Lg laundry &walk-in pantry, quality lighting/ceiling fans t/o. Well kept home with great room, security screen at front door. 18''neutral tile t/o except for carpet in bedrooms & modern neutral paint colors. Cov'd patio w/extended open patio in grassy backyard. Nice area, convenient to Hwy101, schools, shopping & entertainment.

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
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,494
Property Tax -$255
Property Insurance -$61
HOA -$12
Property Management Fees -$99
CASH FLOW
-$61

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.

$405,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,624

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,860

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,866

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,7503$1,7954$1,8605$1,995
$1,995
RENT COMPS ANALYSIS
  • 4036 E Rowel Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.09
    •  
  • 4106 E Pinto Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.04
    •  
  • 4111 E Tether Trail Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 4018 E Tether Trail Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1998
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.13
    •  
  • 4409 E Rowel Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 1996
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.08
    •  
PROPERTY LISTING DETAILS
Beth A Backus Roth
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162748
Last Updated: 11/28/2020
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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