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4111 E Keresan Street Phoenix, AZ 85044

4 Beds 2 Baths 2,075 sqft Built 1991

$479,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $231.28
  • 4 Days on Market
  • MLS # : 6189340
  • Updated Date : 02/11/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,075 sqft
  • Baths : 2 full
Listing Agent

Blanzy Realty Llc

Listing Agent's Description

This AMAZING Golf Course Lot home is in the Community of Center Court in Ahwatukee. The serene and beautiful LARGE BACKYARD boasts covered paver patio, PERGOLA covered dining area w/built-in BBQ, GAS FIRE PIT w/seating and fantastic golf course views! The home shows pride of ownership throughout! GORGEOUS and MOVE-IN READY with Arcadia Doors to the patio from the dining area. Plush neutral carpet in all bedrooms with plenty of closets. SS APPLIANCES, CHERRY CABINETS WITH PULLOUTS, GRANITE kitchen countertops, soaring ceilings, window blinds, upgraded lighting, ceiling fans, spacious open floor plan with a New HVAC in August, 2020! A must see home! WILL NOT LAST!!

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
 

$431,910$527,890$479,900

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 -$1,667
Property Tax -$342
Property Insurance -$68
HOA -$2
Property Management Fees -$99
CASH FLOW
-$297

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.

$479,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.39%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,460

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
  • $0.91

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8803$1,9004$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 4111 E Keresan Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.91
    •  
  • 12824 S 45th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,001 Sqft ∙ Built 1994
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 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
    •  
  • 13216 S 40th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 12029 S Oneida Street Phoenix, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Cheryl Boer
Blanzy Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189340
Last Updated: 02/11/2021
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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