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4334 E Prickly Pear Trail Phoenix, AZ 85050

3 Beds 2 Baths 2,151 sqft Built 1996

$499,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $231.99
  • 2 Days on Market
  • MLS # : 6165598
  • Updated Date : 11/28/2020 at 16:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,151 sqft
  • Baths : 2 full
Listing Agent

Sterling Fine Properties

Listing Agent's Description

Most desirable floorplan in Tatum Highlands; split bedrooms, formal entry; den/office near front entry; complete remodel done in approx. 2010 with travertine floors and granite counters; recent updates incl: new roof (underlayment) and exterior paint in 2017; refinished cabinets and doors on kitchen and master cabinets in 2018; new a/c system (both condenser and attic heat pump) and irrigation lines in 2019; new pool motor, pop ups and auto leveler in 2020; has beautiful, oversize backyard with pool, spa and grassy area; lots of palm trees; home has shutters on all windows; electric roller blinds on FR covered patio; security system, security screen door and soft water thru out; complete termite treatment in Nov 2020; home is clean/move-in ready; Close to Desert Ridge Market Place and 101

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k409k

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

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342195

* 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
Wildfire Elementary School Primary Regular 712 35 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Wildfire Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 35
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,841
Property Tax -$314
Property Insurance -$69
HOA -$12
Property Management Fees -$99
CASH FLOW
-$45

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.

$499,000

PROJECTED PRICE

$2,290

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$30,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,549

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2903$2,4954$2,5505$2,700
$2,700
RENT COMPS ANALYSIS
  • 4334 E Prickly Pear Trail Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.06
    •  
  • 26011 N 41st Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 26239 N 45th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1995
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.22
    •  
  • 26001 N 41st Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1998
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.21
    •  
  • 25836 N 43rd Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,151 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.26
    •  
PROPERTY LISTING DETAILS
Joseph J Fox Iv
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165598
Last Updated: 11/28/2020
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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