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4307 E White Aster Street Phoenix, AZ 85044

4 Beds 2 Baths 2,227 sqft Built 1993

$475,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $213.29
  • 2 Days on Market
  • MLS # : 6206807
  • Updated Date : 03/13/2021 at 20:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,227 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Excellent opportunity to own this 4bed/2bath home available in the desirable amenity rich Mountain Park Ranch community. This gem features great curb appeal with 3 car garage leading into the flowing floorplan. Formal living and dining and a spacious open concept family room enhanced with soaring vaulted ceilings and a charming fireplace. Kitchen boasts stainless steel appliances, white cabinetry and a center island with breakfast bar seating, making it ideal for gathering with friends and family. Light filled master retreat is complete with dual vanities and a walk in closet. Separate tub/shower. The amazing outdoor entertaining area is complete with a covered patio, built in BBQ and a sparkling pool. It's the perfect spot to relax and enjoy Arizona outdoors. Do not miss out. See it today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

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
Kyrene De La Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,650
Property Tax -$338
Property Insurance -$71
HOA -$5
Property Management Fees -$99
CASH FLOW
-$2

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.

$475,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,300

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
  • $2,433

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,3504$2,4005$2,465
$2,465
RENT COMPS ANALYSIS
  • 4307 E White Aster Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,227 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15010 S 40th Place Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 4464 E Desert Wind Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 1994
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.12
    •  
  • 4244 E White Aster Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1993
    property image
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.11
    •  
  • 15210 S 42nd Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 1993
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,465
    • $1.17
    •  
PROPERTY LISTING DETAILS
Shirley A Coomer
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206807
Last Updated: 03/13/2021
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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