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4121 W Palace Station Road New River, AZ 85087

4 Beds 3 Baths 1,951 sqft Built 2018

$419,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $214.76
  • 4 Days on Market
  • MLS # : 6177885
  • Updated Date : 01/07/2021 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,951 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Amazing backyard, this spacious, all on one level home contains an open floor plan which includes; four spacious bedrooms, three bathrooms, a gourmet kitchen and dining area overlooking a large great room. The Lewis model's master suite includes a private bathroom retreat with a step in shower and double sinks. This amazing corner lot home also includes plenty of extra storage along with a 2-bay garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k391k

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

Neighborhood: Rio Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341885

* 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
New River Elementary School Primary Regular 275 21 6
New River Elementary School Middle Regular 275 21 6
Boulder Creek High School High Regular 2,639 105 6

New River Elementary School

  • Education Level: Primary
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

New River Elementary School

  • Education Level: Middle
  • # of students: 275
  • # of teachers: 21
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,455
Property Tax -$344
Property Insurance -$65
HOA -$28
Property Management Fees -$99
CASH FLOW
-$91

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.

$419,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.5%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,021

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
  • $1,873

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,7954$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 4121 W Palace Station Road New River, AZ 1
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 43337 N Heavenly Way Anthem, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 42928 N 43rd Drive New River, AZ 3
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 43323 N 43rd Drive New River, AZ 4
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 2005
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.94
    •  
  • 4225 W Granite Basin Drive New River, AZ 5
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2020
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Shirley Giles
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177885
Last Updated: 01/07/2021
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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