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4218 E Redfield Road Phoenix, AZ 85032

4 Beds 2 Baths 2,017 sqft Built 1980

$519,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $257.31
  • 4 Days on Market
  • MLS # : 6205921
  • Updated Date : 03/11/2021 at 23:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,017 sqft
  • Baths : 2 full
Listing Agent

Prime Equity Real Estate

Listing Agent's Description

North Phoenix GEM available to you today. Beautiful curb appeal and cul-de-sac location make this single level home a winner. Just over 2000 sq ft boasting 4 bedrooms and 2 bathrooms. Open concept great room with french door access to the back yard make entertaining a dream. Large Master Bedroom with ensuite and 2 closets. All appliances in the home included in sale. HUGE north-south facing lot. Large pool and covered patio in the backyard. NEW ROOF in 2019. Newer kitchen cabinets, windows and flooring. HVAC is 6 years old. 2 car garage with large storage closet. Well maintained home is ready for your personal touches. Don't miss this one!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadowridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k391k

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

Neighborhood: Shadowridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342057

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

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

Sunrise Middle School

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

$467,100$570,900$519,000

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 -$1,803
Property Tax -$327
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$185

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.

$519,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,883

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
  • $1.05

    LIST RENT PER SQFT
  • $2,083

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,9003$2,1104$2,1655$2,450
$2,450
RENT COMPS ANALYSIS
  • 4218 E Redfield Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.05
    •  
  • 14801 N 37th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.00
    •  
  • 4502 E Sharon Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1977
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 14838 N 38th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 1977
    property image
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,165
    • $1.02
    •  
  • 4618 E Redfield Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1979
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Elizabeth Vasquez
Prime Equity Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205921
Last Updated: 03/11/2021
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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