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4261 E Rosemonte Drive Phoenix, AZ 85050

4 Beds 3 Baths 1,955 sqft Built 1988

$424,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $217.34
  • 2 Days on Market
  • MLS # : 6213267
  • Updated Date : 03/27/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,955 sqft
  • Baths : 3 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Public Remarks: Paradise Valley School District / close to Paradise Valley Community College. Spacious 4 bedroom (4th bedroom does not have a closet) 3 full bath home. Spacious open floor plan with plenty of natural light. Lots of storage. Wood floors in lower main living space with tile in kitchen and bathrooms. Upstairs bedrooms connect to a full jack and jill bathroom with double sinks. Master bedroom is downstairs with a private bathroom, additional split bedroom downstairs next to a full bath. Manageable rock backyard. Close to schools, Kierland, Paradise Valley Mall, the 101 and 51 Freeways. Great opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rosewood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Rosewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,476
Property Tax -$268
Property Insurance -$65
HOA -$1
Property Management Fees -$99
CASH FLOW
$141

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.

$424,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$37,102

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0953$2,1004$2,2005$2,650
$2,650
RENT COMPS ANALYSIS
  • 4261 E Rosemonte Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 1988 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.05
    •  
  • 17638 N 45th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.16
    •  
  • 4034 E Meadow Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1994
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 3942 E Wescott Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,924 Sqft ∙ Built 1996
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 18631 N 42nd Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 1991
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.35
    •  
PROPERTY LISTING DETAILS
Madeline Zavala Soto
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213267
Last Updated: 03/27/2021
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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