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4247 E Casitas Del Rio Drive Phoenix, AZ 85050

3 Beds 3 Baths 2,236 sqft Built 2009

INVESTimate

$565,000

List Price

$2,410

$2,169 - $2,651

Rent Est.

$586,809  ( +3.86%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $252.68
  • 7 Days on Market
  • MLS # : 6119938
  • Updated Date : 08/20/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sterling Fine Properties

Listing Agent's Description

Located in wonderful Desert Ridge! True spacious Great room floor plan opening to covered patio. Formal dining room for guests and convenient eat in kitchen. Beautiful kitchen features a gas range, large pantry, upgraded cabinets, island, granite countertops, built-in microwave, and reverse osmosis. Generous Master bedroom with a walk in closet. Master bath has dual sinks and a large shower with added linen closet for accessibility. Additional amenities in the home include: gorgeous wood flooring in the den/office, plush carpet in bedrooms, security system, surround sound prewire, plantation shutters, and mature landscaping. Top rated schools,Desert Ridge shopping and dining, parks, w/in min. to freeways; yet home located on quiet cul-de-sac!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Desert Trails Elementary School Primary Regular 525 33 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Desert Trails Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 33
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,085
Property Tax -$356
Property Insurance -$71
HOA -$87
Property Management Fees -$99
CASH FLOW
-$287

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.

$565,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.86%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$15,334

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
  • $2,571

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5954$2,7005$2,813
$2,813
RENT COMPS ANALYSIS
  • 4247 E Casitas Del Rio Drive Phoenix, 1
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4243 E Vista Bonita Drive Phoenix, 2
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2009
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.12
    •  
  • 23010 N 41st Street Phoenix, 3
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.16
    •  
  • 22237 N 45th Place Phoenix, 4
    • 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 1997
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.13
    •  
  • 4715 E Nocona Lane Phoenix, 5
    • 4 beds 4 baths ∙ 2,368 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,368 Sqft ∙ Built 2017
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,813
    • $1.19
    •  
PROPERTY LISTING DETAILS
Adam Polacek
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119938
Last Updated: 08/20/2020
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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