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4128 W Palace Station Road New River, AZ 85087

4 Beds 3 Baths 1,939 sqft Built 2018

$460,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $237.24
  • 1 Days on Market
  • MLS # : 6263802
  • Updated Date : 07/13/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,939 sqft
  • Baths : 3 full
Listing Agent

Youngker Realty

Listing Agent's Description

Here is a beautiful home ready to move into today. This home feels new when you walk in. Popular Lewis floor-plan is open and flows perfectly! 4 bedroom and 3 baths with tons of storage! Amazing kitchen has Gas Stove and Granite Countertops! Low Maintence backyard and extended covered patio is great for entertaining! This home will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rio Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k391k

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

Neighborhood: Rio Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10181942

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,598
Property Tax -$349
Property Insurance -$65
HOA -$84
Property Management Fees -$99
CASH FLOW
-$255

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.

$460,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.42%

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

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$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8353$1,9004$1,9405$2,095
$2,095
RENT COMPS ANALYSIS
  • 4128 W Palace Station Road New River, AZ 4
    • 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,939 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.00
    •  
  • 43323 N 43rd Drive New River, AZ 1
    • 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
    •  
  • 43264 N Vista Hills Drive Anthem, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $1.00
    •  
  • 4225 W Granite Basin Drive New River, AZ 3
    • 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
    •  
  • 43018 N 44th Drive Anthem, AZ 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2005
    LEASED 05/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
PROPERTY LISTING DETAILS
Don Youngker
Youngker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263802
Last Updated: 07/13/2021
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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