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4051 E Joan De Arc Avenue Phoenix, AZ 85032

3 Beds 1 Baths 1,073 sqft Built 1977

$349,900

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $326.10
  • 5 Days on Market
  • MLS # : 6208509
  • Updated Date : 03/17/2021 at 22:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,073 sqft
  • Baths : 1 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

You will absolutely love this authentic, corner lot property now available in popular Phoenix! This meticulously kept home provides a great curb appeal, an RV gate, & a 2 car garage plus slab. Bright & light interior boasts an inviting great room w/ vaulted ceilings, roomy bedrooms, laminate flooring, neutral paint throughout, & a cozy family room that has access to the back patio. Enjoy cooking in this open-concept kitchen equipped with high-end appliances, white cabinets, tile backsplash, marble countertops, recessed lighting, & an island w/ breakfast bar. Master bedroom includes a sliding door closet for your belongings. Spotless bathroom offers a tiled step-in shower. The private backyard features a paved area & a covered patio where you can enjoy relaxing after a busy day. Call now!

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$1,215
Property Tax -$220
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$383

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.

$349,900

PROJECTED PRICE

$1,200

PROJECTED RENT

0.34%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$930

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
  • $1,296

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,4954$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 4051 E Joan De Arc Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1977 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3638 E Presidio Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.22
    •  
  • 12738 N 40th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 3832 E Emile Zola Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.21
    •  
  • 4030 E Windrose Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jonathan Michael Saucedo
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208509
Last Updated: 03/17/2021
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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