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4066 E Casitas Del Rio Drive Phoenix, AZ 85050

5 Beds 3 Baths 3,926 sqft Built 2012

$775,000

List Price

$3,890

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $197.40
  • 2 Days on Market
  • MLS # : 6209676
  • Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,926 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Recently updated, this beautiful home is a hidden gem. Large, spacious kitchen features beautiful white quartz counters, pendant lights, new sink, and subway tile backsplash. Kitchen has natural gas range, plenty of storage and a large walk-in pantry as well as seperate dining area. Open to family room with dry bar and dual pane windows. Also features formal living and dining rooms and inviting yard with covered patio. Upstairs has oversized bedrooms, inviting master bath and large loft. Minutes from Desert Ridge, a wide selection of restaurants, schools, hiking trails and freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
 

$697,500$852,500$775,000

PURCHASE PRICE

$3,501$4,279$3,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,890
EXPENSES Loan Payment -$2,692
Property Tax -$488
Property Insurance -$104
HOA -$29
Property Management Fees -$99
CASH FLOW
$478

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.

$775,000

PROJECTED PRICE

$3,890

PROJECTED RENT

0.50%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$90,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,890

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $4,044

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,8503$3,8904$4,200
$4,200
RENT COMPS ANALYSIS
  • 4066 E Casitas Del Rio Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,926 Sqft ∙ Built 2012 5 beds 3 baths ∙ 3,926 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,890
    • $0.99
    •  
  • 3993 E Hummingbird Lane Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,795 Sqft ∙ Built 2004
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.91
    •  
  • 3962 E Morning Dove Trail Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,785 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.02
    •  
  • 22517 N 37th Terrace Phoenix, AZ 4
    • 5 beds 4 baths ∙ 3,627 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,627 Sqft ∙ Built 2008
    LEASED 11/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.16
    •  
PROPERTY LISTING DETAILS
Rose T Knapp
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209676
Last Updated: 03/20/2021
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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