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4212 N 43rd Street Phoenix, AZ 85018

4 Beds 4 Baths 3,044 sqft Built 2017

$1,150,000

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $377.79
  • 16 Days on Market
  • MLS # : 6174568
  • Updated Date : 12/26/2020 at 01:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,044 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Highly coveted Arcadia neighborhood. A modern two story with breathtaking views of Camelback Mountain from the second story balcony. Complete with 12 ft vaulted ceilings, 8 ft high doors, 16 ft sliding door out to the backyard, and Eucalyptus wood flooring throughout.The kitchen boasts custom white shaker cabinets, grey quartz counters with waterfall edge, subway tile backsplash, wine fridge, and walk-in pantry Master suite is conveniently located downstairs with separate shower and tub, dual sinks and walk on closet with built ins. Quiet street that dead ends into a cul-de-sac. Walk or ride bikes to popular Arcadia restaurants, grocery stores and attractions.220V in garage for electric car charging.Solar panels owned with back up battery.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sher-Renee Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Sher-Renee Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341935

* 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
 

$1,035,000$1,265,000$1,150,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$3,994
Property Tax -$595
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$1,655

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.

$1,150,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.27%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,500

INVESTMENT

$310,500

Down Payment
$287,500
Rehab Estimate
$5,750
Closing Costs
$17,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,500
Loan Amount $862,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$134

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
  • $4,231

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,6003$3,8004$4,2005$4,600
$4,600
RENT COMPS ANALYSIS
  • 4212 N 43rd Street Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,044 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,044 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4439 E Devonshire Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2015
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.24
    •  
  • 4207 E Cheery Lynn Road Phoenix, AZ 3
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2019
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.36
    •  
  • 4446 N 36th Place Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.50
    •  
  • 3226 E Sells Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.46
    •  
PROPERTY LISTING DETAILS
Subhash Kataria
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174568
Last Updated: 12/26/2020
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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