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4212 E Roma Avenue Phoenix, AZ 85018

4 Beds 4 Baths 3,695 sqft Built 2016

$1,295,000

List Price

$4,710

$4.5K - $5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $350.47
  • 3 Days on Market
  • MLS # : 6157040
  • Updated Date : 11/07/2020 at 14:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,695 sqft
  • Baths : 4 full
Listing Agent

Realty Executives

Listing Agent's Description

Fantastic 3,695 sf 4 bed 4 bath newer built home in 2016 has all the features and numerous upgrades that today's Buyers are looking for - including a Brand-NEW HEATED POOL and back yard oasis with Built in BBQ! The kitchen features quartz countertops, stainless appliances, built in microwave, wine & beverage fridge, large island and walk in pantry. The Great room offers easy back yard access making entertaining and family fun a breeze. Generously sized downstairs Owners suite and large secondary bedrooms offer a perfect setup for your new home. Spacious loft for the kids play area with awesome views to Camelback mountain. Walking distance to the best local hot spots - La Grande Orange, Kachina Park and more. Highly rated Scottsdale school district too. Other things to note:

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dateland Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k503k

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

Neighborhood: Dateland Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342035

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$1,165,500$1,424,500$1,295,000

PURCHASE PRICE

$4,239$5,181$4,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,710
EXPENSES Loan Payment -$4,778
Property Tax -$670
Property Insurance -$99
Property Management Fees -$99
CASH FLOW
-$937

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.

$1,295,000

PROJECTED PRICE

$4,710

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 14.3%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$348,925

INVESTMENT

$348,925

Down Payment
$323,750
Rehab Estimate
$5,750
Closing Costs
$19,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,778

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $323,750
Loan Amount $971,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$24,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,710

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $6,060

    COMP ESTIMATED VALUE
  • $1.64

    COMP AVG. RENT PER SQFT
Comps Range
$4,710
1$4,7102$5,0003$6,500
$6,500
RENT COMPS ANALYSIS
  • 4212 E Roma Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,695 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,695 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $4,710
    • $1.27
    •  
  • 4431 N 36th Place Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.46
    •  
  • 3810 E Campbell Avenue Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.82
    •  
PROPERTY LISTING DETAILS
Robert G Kukla
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157040
Last Updated: 11/07/2020
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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