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4216 E Hano Street Phoenix, AZ 85044

3 Beds 2 Baths 1,170 sqft Built 1979

$315,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $269.23
  • 7 Days on Market
  • MLS # : 6194591
  • Updated Date : 02/16/2021 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Move-in ready!!! This is a beautifully, remodeled home that resides in a 55+ neighborhood in Ahwatukee. This house has 3 bedrooms and 2 bathrooms along with a spacious backyard with a large covered patio. The kitchen boasts beautiful granite counters with a breakfast bar, brand new electric stove, and a microwave. Washer and dryer set up in garage. This home is exceptionally close to the hiking trails of South Mountain! The community has a 6 acre Community Center that includes a park, swimming pool, baseball field, 6 tennis courts, & a community garden. Park and garden free of charge! Come check it out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,094
Property Tax -$224
Property Insurance -$50
HOA -$4
Property Management Fees -$99
CASH FLOW
-$142

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.

$315,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,621

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
  • $1,351

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 4216 E Hano Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4502 E San Gabriel Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,303 Sqft ∙ Built 1976
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.15
    •  
  • 4234 E Tamaya Street Ahwatukee, AZ 3
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 11813 S Ki Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,482 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,482 Sqft ∙ Built 1974
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
  • 11825 S Coconino Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1980
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sarah Abigail Benner
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194591
Last Updated: 02/16/2021
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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