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4235 E Calle Redonda -- Phoenix, AZ 85018

4 Beds 3 Baths 2,477 sqft Built 1957

$900,000

List Price

$3,170

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $363.34
  • 4 Days on Market
  • MLS # : 6154542
  • Updated Date : 11/05/2020 at 12:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,477 sqft
  • Baths : 3 full
Listing Agent

American Realty Brokers

Listing Agent's Description

This 4 bedroom 3 bath home offers indoor and outdoor living at its finest in the heart of Arcadia. The front courtyard offers a large sitting area, fire pit and dining area with wonderful views of Camelback Mtn. Entering the home, you will enjoy the open floor plan. Features in the home include Viking and Bosch appliances, wood flooring, 2 car garage and a split floor plan w/ a guest bedroom and bath on one end which is currently being used as an office. Entertain using the wet bar area with a built in wine fridge which is right next to the backyard patio. Huge master bedroom w/luxurious master suite w/double sinks, walk in shower, dual shower heads, whirlpool tub and large master closet. Located in the the coveted Hopi School District. Enjoy nearby canal access for walks or jogs.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Regents Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k555k

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

Neighborhood: Regents Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342804

* 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
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,853$3,487$3,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,170
EXPENSES Loan Payment -$3,321
Property Tax -$466
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$791

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.

$900,000

PROJECTED PRICE

$3,170

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,764

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,170

    LIST RENT
  • $1.28

    LIST RENT PER SQFT
  • $3,437

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,1503$3,1704$3,3005$4,000
$4,000
RENT COMPS ANALYSIS
  • 4235 E Calle Redonda -- Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,170
    • $1.28
    •  
  • 4201 E Turney Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,409 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,409 Sqft ∙ Built 1955
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.16
    •  
  • 4042 E Fairmount Avenue Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952 4 beds 4 baths ∙ 2,411 Sqft ∙ Built 1952
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.31
    •  
  • 4106 E San Miguel Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 1958
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.43
    •  
  • 4216 N 43rd Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1959
    LEASED 04/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.65
    •  
PROPERTY LISTING DETAILS
Jared G. Guess
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154542
Last Updated: 11/05/2020
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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