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4309 E Folgers Road Phoenix, AZ 85050

4 Beds 3 Baths 3,208 sqft Built 2009

$725,000

List Price

$3,370

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $226.00
  • 2 Days on Market
  • MLS # : 6179077
  • Updated Date : 01/09/2021 at 18:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,208 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 4 bed, 2.5 bath home located in Desert Ridge. Home features gorgeous wood floors throughout the main level. Stylish gray & white color palette. Formal living & dining. Walk-in pantry with sliding barn doors. You will love the stunning gourmet kitchen with custom cabinets, gorgeous granite counters, stone tiled backsplash, and high end chef's appliances. Take a seat large island with breakfast bar. The kitchen is open to the family room, making a nice entertaining space! The powder room has a feature wall of stacked stone, and a trough sink. The large master has a private sitting area/home office/exercise area, gorgeous full bath, and a walk-in closet. Second floor laundry! Backyard oasis with heated pool, travertine covered patio, and nice grassy area. Three car garage

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
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,033$3,707$3,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,370
EXPENSES Loan Payment -$2,518
Property Tax -$457
Property Insurance -$90
HOA -$112
Property Management Fees -$99
CASH FLOW
$95

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.

$725,000

PROJECTED PRICE

$3,370

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$47,995

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
  • $3,400

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1953$3,2504$3,3505$3,600
$3,600
RENT COMPS ANALYSIS
  • 4309 E Folgers Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,208 Sqft ∙ Built 2009 4 beds 3 baths ∙ 3,208 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4306 E Mossman Road Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,230 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,230 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.99
    •  
  • 4615 E Kirkland Road Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,050 Sqft ∙ Built 1997
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.07
    •  
  • 4719 E Robin Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 1998
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.10
    •  
  • 22611 N 39th Terrace Phoenix, AZ 5
    • 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,339 Sqft ∙ Built 2006
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Torie Ellens
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179077
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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