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4322 E Weldon Avenue Phoenix, AZ 85018

4 Beds 3 Baths 2,788 sqft Built 1958

$974,000

List Price

$3,350

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $349.35
  • 1 Days on Market
  • MLS # : 6158933
  • Updated Date : 11/14/2020 at 21:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,788 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Good morning Sunshine, today is going to be a beautiful day! Waking up in this Arcadia home, there is absolutely nothing on your ''honey-do'' list as everything in this beautifully renovated house is turn-key & ready for your enjoyment. Gorgeous designer finishes throughout the 4 bedroom/3 bath family sized home were part of an extensive top to bottom renovation that incorporated an expansive addition by luxury builder Nance Construction in 2013. A new master wing with a huge owners suite as well as a laundry room addition created a perfectly balanced split floor plan and plenty of space. The master retreat is open and airy with French doors inviting you out to the back covered patio and fireplace. Carrara marble, large soaking tub and a custom finished walk in closet are just a few ,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Collins Grove

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k525k

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

Neighborhood: Collins Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342207

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
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
 

$876,600$1,071,400$974,000

PURCHASE PRICE

$3,015$3,685$3,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,350
EXPENSES Loan Payment -$3,594
Property Tax -$484
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$908

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$974,000

PROJECTED PRICE

$3,350

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$15k-$10k-$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$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$263,860

INVESTMENT

$263,860

Down Payment
$243,500
Rehab Estimate
$5,750
Closing Costs
$14,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,594

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $243,500
Loan Amount $730,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$9,009

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
  • $3,694

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2953$3,6504$3,7505$3,750
$3,750
RENT COMPS ANALYSIS
  • 4322 E Weldon Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,788 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4001 E Avalon Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,739 Sqft ∙ Built 1952
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.20
    •  
  • 3217 N 41st Place Phoenix, AZ 3
    • 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1959 4 beds 4 baths ∙ 2,734 Sqft ∙ Built 1959
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.34
    •  
  • 4248 E Clarendon Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1955
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.39
    •  
  • 4540 E Heatherbrae Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
PROPERTY LISTING DETAILS
Lisa Brown
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158933
Last Updated: 11/14/2020
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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