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4231 W Monte Cristo Avenue Phoenix, AZ 85053

4 Beds 2 Baths 2,276 sqft Built 1972

$525,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $230.67
  • 36 Days on Market
  • MLS # : 6176587
  • Updated Date : 02/01/2021 at 18:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

SUNBURST FARMS IS CALLING YOU HOME. FOUR BEDROOM HOUSE IS SITUATED ON A 37,735 SQUARE FOOT ALL IRRIGATED LOT COMPLETE WITH 4 STALLS, BARN AREA, WATER,TACK ROOM, BRIDLE PATH ACCESS AND ALSO A SEPARATE GATED AREA FOR YOUR SMALLER 4 LEGGED PETS. NEW GARAGE DOOR INSTALLED THE PAST FEW YEARS. AIR CONDITIONING UNIT INSTALLLED IN 2020 AND KITCHEN ALSO REMODELED IN 2020 WHICH INCLUDES QUARTZ COUNTERS AND CUSTOM CABINETS. ARIZONA ROOM IS NOT INCLUDED IN OVERALL SQUARE FOOTAGE. THERE ALSO IS A SMALL OFFICE OFF THE GARAGE. LOTS OF ROOM TO EXPAND.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunburst Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k389k

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

Neighborhood: Sunburst Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341768

* 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
Sunburst Elementary School Primary Regular 643 29 6
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Sunburst Elementary School

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 29
6
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,824
Property Tax -$387
Property Insurance -$72
HOA -$37
Property Management Fees -$99
CASH FLOW
-$678

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.

$525,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$188

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
  • $1,548

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,5004$1,5455$1,695
$1,695
RENT COMPS ANALYSIS
  • 4231 W Monte Cristo Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5123 W Evans Drive Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1972
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.67
    •  
  • 17214 N 49th Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1978
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.67
    •  
  • 3802 W Juniper Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 4951 W Joyce Circle Glendale, AZ 5
    • 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,456 Sqft ∙ Built 1977
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Bobby H Lieb
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176587
Last Updated: 02/01/2021
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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