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4302 E Betty Elyse Lane Phoenix, AZ 85032

4 Beds 3 Baths 3,086 sqft Built 1986

$695,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $225.21
  • 19 Days on Market
  • MLS # : 6161888
  • Updated Date : 12/02/2020 at 16:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,086 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Multi-generational or income producer. The possibilities await you. Apartment includes separate entrance, living, kitchen, bed, bath and laundry. Main home features 3/2 with separate office including built ins. Spacious formal living and dining with vaulted ceilings. Beautiful kitchen with abundance of cabinetry, granite counters, gas stove, and island that overlooks breakfast area and family room with fireplace. Master features double walk in closets. Spacious laundry room with sink. A collectors dream with more built in storage than you have ever seen throughout this is home. Circular drive, mature easy-care landscaping, welcoming front courtyard, expansive covered patio and Zen patio on the side. Refreshing pool with just the right amount of grass for the pets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saguaro Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k387k

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

Neighborhood: Saguaro Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341983

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,564
Property Tax -$438
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$258

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.

$695,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$26,287

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
  • $2,955

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,8004$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 4302 E Betty Elyse Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,086 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14835 N 46th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 1991
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 4954 E Aire Libre Avenue Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1990
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 16223 N 40th Place Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 15251 N 45th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,139 Sqft ∙ Built 1989
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Ryan Buckley
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161888
Last Updated: 12/02/2020
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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