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4054 E Knox Road Phoenix, AZ 85044

3 Beds 2 Baths 2,019 sqft Built 1987

$299,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $148.54
  • 2 Days on Market
  • MLS # : 6167162
  • Updated Date : 01/02/2021 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,019 sqft
  • Baths : 2 full
Listing Agent

Ahwatukee Realty & Property Management Inc

Listing Agent's Description

Active Retirement (one occupant 55+) An amazing 3 bed, 2 bath property now for sale in Ahwatukee. This luxurious home boasts laminate/tile flooring, desert landscaping, 2 car garage, vaulted ceilings, dining and living areas. Fresh neutral paint throughout. Newly remodled fabulous kitchen offers ample cabinetry, a pantry, granite countertops, matching appliances, and a charming breakfast bar. Inside the grandiose master bedroom you will find a private entry, a full bath with double sinks, separate tub and shower, and a spacious closet. The backyard includes a north facing covered patio! Membership to ARC with clubhouse,numerous activities & trips,indoor & outdoor pools,gym,spa, classes, pickle ball & tennis courts. New window coverings. New exterior paint. Leased for $1495 til 1/30/21

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,107
Property Tax -$247
Property Insurance -$67
HOA -$65
Property Management Fees -$99
CASH FLOW
$296

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.

$299,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$54,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8803$1,9004$2,1005$2,299
$2,299
RENT COMPS ANALYSIS
  • 4054 E Knox Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.93
    •  
  • 4419 E Gold Poppy Way Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 12813 S 45th Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1992
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 12029 S Oneida Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1978
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
  • 3937 E Keresan Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1987
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.07
    •  
PROPERTY LISTING DETAILS
Chad Chadderton
Ahwatukee Realty & Property Management Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167162
Last Updated: 01/02/2021
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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