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4224 E Taro Lane Phoenix, AZ 85050

4 Beds 3 Baths 2,606 sqft Built 1990

$525,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $201.46
  • 4 Days on Market
  • MLS # : 6167076
  • Updated Date : 12/03/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,606 sqft
  • Baths : 2 full , 1 half
Listing Agent

Power Realty Group Model Home Center

Listing Agent's Description

One of the largest private lots in the subdivision. This stunning 4 bed, 2.5 bath home is now for sale in Phoenix! NO HOA! Features: 3 car garage, new custom RV gate, formal dining room, living area with a den perfect for an office, family room with a fireplace, and a cozy loft! The elegant kitchen is equipped with ample cabinetry, a pantry, granite countertops, tile backsplash, stainless steel appliances, and an island. The master bedroom has a private balcony entry, a full bath with double sinks, separate tub and shower, and a spacious walk-in closet. The expansive backyard includes a covered patio with a new roof, new workshop, new concrete parking pad, and a refreshing pool in a very private yard!

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,937
Property Tax -$331
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$195

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.

$525,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$19,950

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
  • $2,502

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,3004$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 4224 E Taro Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4014 E Rosemonte Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 1989
    property image
    LEASED 04/28/28
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.75
    •  
  • 4639 E Annette Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1992
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 4544 E Michelle Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
  • 4522 E Michigan Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.19
    •  
PROPERTY LISTING DETAILS
Mary Meehan
Power Realty Group Model Home Center
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167076
Last Updated: 12/03/2020
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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