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4043 E Hide Trail Phoenix, AZ 85050

4 Beds 3 Baths 2,686 sqft Built 1997

$585,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $217.80
  • 2 Days on Market
  • MLS # : 6203576
  • Updated Date : 03/07/2021 at 02:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,686 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome home! You will fall in love with this gorgeous rare 4 Bd/2.5 Bath 2,700 sq ft immaculate home with a private pebble tec pool /waterfall feature and endless UPGRADES nestled in Tatum Highlands near Desert Ridge! Maintained and cared for by the owner since 2005! GREAT LAYOUT AND FLOOR PLAN. Generously proportioned kitchen equipped with a large island with room for seating, granite countertops, wood cabinetry, dining area, and walk in pantry. Large living room, family room, and upstairs you will find 4 spacious bedrooms and a LOFT with flexible options and NEWLY remodeled bathrooms! All appliances and W&D included, BRAND NEW wood style ceramic tiles installed downstairs, 17 NEW Dual Pane Low E windows, NEW Pentair energy efficiency quiet pool pump, NEW Ecowater softener system

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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,032
Property Tax -$368
Property Insurance -$80
HOA -$12
Property Management Fees -$99
CASH FLOW
-$11

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.

$585,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.44%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$32,247

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
  • $2,733

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,3004$2,7655$3,000
$3,000
RENT COMPS ANALYSIS
  • 4043 E Hide Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26422 N 42nd Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.95
    •  
  • 26634 N 45th Street Cave Creek, AZ 3
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 4110 E Hide Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,765
    • $1.03
    •  
  • 4403 E Andrea Drive Cave Creek, AZ 5
    • 3 beds 2 baths ∙ 2,691 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,691 Sqft ∙ Built 1996
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Awni S Abbas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203576
Last Updated: 03/07/2021
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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