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4105 E Frye Road Phoenix, AZ 85048

4 Beds 3 Baths 2,288 sqft Built 1990

$449,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $196.24
  • 3 Days on Market
  • MLS # : 6196917
  • Updated Date : 02/26/2021 at 22:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,288 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Newly Remodeld Home in great Ahwatukee Location. This home has had extensive remodeling and upgrades including new kitchen with custom cabinets, countetops, fixtures, and stainless steel appliances. New custom tile flooring, new carpet, fixtures, and hardware. New cabinets in bathrooms including fixtures and hardware. Master Bedroom with new custom designed shower, dual vanities, huge walk in closet. Open floor plan with loads of space and appeal.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pecos West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Pecos West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,560
Property Tax -$320
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
$270

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.

$449,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$50,877

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
  • $2,317

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,2004$2,3005$2,375
$2,375
RENT COMPS ANALYSIS
  • 4105 E Frye Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16621 S 39th Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
  • 3834 E Windsong Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1990
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
  • 16244 S 40th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 4326 E Cedarwood Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shelly T Berry
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196917
Last Updated: 02/26/2021
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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