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4238 E Yowy Street Phoenix, AZ 85044

3 Beds 2 Baths 1,182 sqft Built 1977

$340,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $287.65
  • 5 Days on Market
  • MLS # : 6204706
  • Updated Date : 03/11/2021 at 16:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,182 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Turn key move in ready home located in the heart of Ahwatukee on a quiet cul-de-sac with great views of S. Mountain. Oversized lot with sparkling pool and lots of space to play around. Updates include granite counter tops in kitchen and baths, hot water heater, wood tile in secondary bedrooms and laminate flooring in master bedroom. The pool electrical has all been updated as well. Also all appliances are included! Walk or bike to the many nearby trails and Western Star Park. Loads of shopping, restaurants, and great Kyrene Elementary & Tempe Highschool districts. Close to I-10 and 202 Freeways and Phoenix Sky Harbor. Come and take a look....this won't last long!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,181
Property Tax -$242
Property Insurance -$50
HOA -$2
Property Management Fees -$99
CASH FLOW
-$174

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.

$340,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.41%

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$1.0M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,108

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
  • $1,433

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,6505$1,845
$1,845
RENT COMPS ANALYSIS
  • 4238 E Yowy Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,182 Sqft ∙ Built 1977
    • 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
    •  
  • 4246 E Jicarilla Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.30
    •  
  • 10438 S 44th Court Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.22
    •  
PROPERTY LISTING DETAILS
Joni Walker
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204706
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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