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4131 E Taro Lane Phoenix, AZ 85050

3 Beds 2 Baths 2,039 sqft Built 1990

$450,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $220.70
  • 4 Days on Market
  • MLS # : 6148387
  • Updated Date : 10/30/2020 at 20:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,039 sqft
  • Baths : 2 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Updated. New Roof & Paint., Kitchen & Baths. 3 Bedrooms, 2 Baths w/ pool. Refrigerator Washer & Dryer included. No HOA. Plan to see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Landings

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Landings

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342034

* 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
Quail Run Elementary School Primary Regular 723 36 8
Quail Run Elementary School Middle Regular 723 36 8
Paradise Valley High School High Regular 1,806 99 5

Quail Run Elementary School

  • Education Level: Primary
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Quail Run Elementary School

  • Education Level: Middle
  • # of students: 723
  • # of teachers: 36
8
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,660
Property Tax -$283
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$0

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.

$450,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$31,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,294

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1103$2,2004$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 4131 E Taro Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.03
    •  
  • 19027 N 42nd Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,883 Sqft ∙ Built 2001
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
  • 4031 E Topeka Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1988
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
  • 3942 E Wescott Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 4320 E Morrow Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,963 Sqft ∙ Built 1990
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Elaine Grill
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148387
Last Updated: 10/30/2020
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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