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4337 E Muirwood Drive Phoenix, AZ 85048

4 Beds 3 Baths 1,863 sqft Built 1991

$315,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $169.08
  • 2 Days on Market
  • MLS # : 6178856
  • Updated Date : 01/09/2021 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,863 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to the beautiful community of Newport at Mountainside and this fantastic opportunity for a 4 Bedroom 2.5 Bath, 2 car (extended length) Garage Home. The fourth bedroom is currently a loft and could be used as a den or bonus room. The open and spacious floorplan boasts vaulted ceilings, stainless appliances and a fireplace. The back yard is the ideal setting with north/south exposure and covered patio. You're also sure to appreciate the location near golfing, hiking, easy freeway access and great schools plus fantastic shopping and dining options close to home! This home needs a little TLC or perhaps you want to flip it or transform it. Whatever your heart desires...this is a great investment opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newport at Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Newport at Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,094
Property Tax -$244
Property Insurance -$64
HOA -$6
Property Management Fees -$99
CASH FLOW
$443

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.

$315,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$61,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,919

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,9454$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 4337 E Muirwood Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 4053 E Woodland Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 4303 E South Fork Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1997
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 4226 E Briarwood Terrace Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1989
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.99
    •  
  • 4230 E Brookwood Court Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,863 Sqft ∙ Built 1990
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
Holly Henbest
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178856
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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