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4068 W Shangri La Road Phoenix, AZ 85029

3 Beds 2 Baths 1,632 sqft Built 1974

$325,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $199.14
  • 2 Days on Market
  • MLS # : 6181451
  • Updated Date : 01/30/2021 at 05:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,632 sqft
  • Baths : 1 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Come see this beautifully remodeled 3 bed 1.75 bathroom with pool. This home has brand new kitchen cabinets, artificial stone countertops, new ceiling fans throughout, crown molding, new windows, with an excellent open floor plan. The pool has been recently acid washed and the deck was re-done. There is no HOA at this property. Refrigerator conveys AS-IS, master bathroom shower door will be installed before COE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Fairwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8681567

* 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
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,129
Property Tax -$194
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$101

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.

$325,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.42%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,546

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,380
1$1,3802$1,5003$1,5354$1,5755$1,645
$1,645
RENT COMPS ANALYSIS
  • 4068 W Shangri La Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.85
    •  
  • 4062 W Mercer Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1978
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 10843 N 45th Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1972
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.98
    •  
  • 11815 N 42nd Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 4014 W Christy Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 1978
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.96
    •  
PROPERTY LISTING DETAILS
Casey Haaker
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181451
Last Updated: 01/30/2021
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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