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432 E Tierra Buena Lane Phoenix, AZ 85022

4 Beds 3 Baths 1,995 sqft Built 1981

$550,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $275.69
  • 2 Days on Market
  • MLS # : 6168249
  • Updated Date : 12/05/2020 at 16:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,995 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Marvelous and updated home in Moon Valley! Luminous and immaculate interior features great room, plantation shutters through, and fireplace in family room off to kitchen. Open concept kitchen is equipped with custom cabinets, breakfast bar in island, high-end appliances, tile back-splash, and dark counters. The master bedroom is a truly retreat with its French doors to patio, his & her walk-in closets, and barn door leading to the en-suite bath w/dual sinks. One of the guest bedrooms includes a jetted tub! Serene backyard is comprised of sparkling pool, covered patio, and built-in BBQ. Don't forget about the 2 car garage plus slab driveway and the golf cart garage! Come and get it before it is gone!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k475k

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

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342134

* 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
Lookout Mountain Elementary School Primary Regular 1,022 50 9
Lookout Mountain Elementary School Middle Regular 1,022 50 9
Thunderbird High School High Regular 1,507 63 6

Lookout Mountain Elementary School

  • Education Level: Primary
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Lookout Mountain Elementary School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$2,029
Property Tax -$328
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$732

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.

$550,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
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-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,915

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7903$2,0004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 432 E Tierra Buena Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.90
    •  
  • 429 W Kathleen Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,860 Sqft ∙ Built 1986
    LEASED 06/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 911 E Sandra Terrace Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 15234 N 6th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1978
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 15828 N 10th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1988
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Andrew J Monaghan
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168249
Last Updated: 12/05/2020
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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