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4345 E Blanche Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,858 sqft Built 1986

$599,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $322.87
  • 3 Days on Market
  • MLS # : 6198286
  • Updated Date : 02/26/2021 at 02:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come fall in love with this gorgeous, fully remodeled home located in the highly sought-after Phoenix neighborhood of Paradise Valley Village. This conveniently located 3 bedroom, 2 bath, 2 car garage, move in ready home, sits central to some of the most picturesque mountain preserves that the valley of the sun is known for, along with some of the best shopping and outdoor/indoor entertainment Phoenix has to offer. No expense was spared on this entertainers dream home and it shows! From the soaring ceilings with integrated LED lighting and fans throughout, remodeled fireplace and wood mantel to the large open chefs' kitchen that boasts white shaker cabinets with soft close hardware. Stainless Samsung appliances, white porcelain farmhouse sink and massive 10-foot white (cont)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Royal Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: Royal Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342051

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$2,084
Property Tax -$378
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$684

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.

$599,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$962

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,9403$2,0004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4345 E Blanche Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.04
    •  
  • 4102 E Karen Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 1980
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.08
    •  
  • 3847 E Marconi Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1987
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 4715 E Grandview Road E Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1981 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1981
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 15845 N 50th Street Scottsdale, AZ 5
    • 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,046 Sqft ∙ Built 1988
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Jonathan Maez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198286
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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