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4320 E Calle Redonda -- Phoenix, AZ 85018

3 Beds 2 Baths 2,716 sqft Built 1957

$999,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $367.82
  • 9 Days on Market
  • MLS # : 6163377
  • Updated Date : 11/27/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,716 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

A rare find these days - Arcadia area - Hopi school district - a stones throw from The Henry - Flower Child - Steak 44, AJ's - Urbana - LGO - Ingo's .... all the things! Tucked away on a north facing lot with striking views of camelback mountain, this charming ranch home features spacious living spaces perfect for entertaining in a neighborhood highly coveted by families and investors alike. Wood flooring throughout / custom cabinetry / gas fireplace - indoor and out / custom BBQ perfect for outdoor dining and plenty of room for a pool (unless you want to take a short walk the The Village). Complete master bedroom addition in 2017 and new roof installed March 2020. Hurry - this is a winner!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Regents Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k555k

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

Neighborhood: Regents Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342804

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$899,100$1,098,900$999,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$3,686
Property Tax -$517
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$1,332

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.

$999,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.5%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$548

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $3,857

    COMP ESTIMATED VALUE
  • $1.42

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,5003$3,7504$3,8005$4,300
$4,300
RENT COMPS ANALYSIS
  • 4320 E Calle Redonda -- Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,716 Sqft ∙ Built 1957 3 beds 2 baths ∙ 2,716 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.12
    •  
  • 4601 E Exeter Boulevard Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1963
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.27
    •  
  • 4540 E Heatherbrae Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
  • 4343 E Stanford Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 5301 N 43rd Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.58
    •  
PROPERTY LISTING DETAILS
Robin Orscheln
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163377
Last Updated: 11/27/2020
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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