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4345 E Blanche Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,858 sqft Built 1986

$450,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $242.20
  • 2 Days on Market
  • MLS # : 6168087
  • Updated Date : 12/04/2020 at 21:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Eclat Real Estate

Listing Agent's Description

Delightfully versatile home would suit a myriad of home buyers, spaces in this home can be used so many ways. Statement fireplace-great focal point that draws you into an open great room--that is until you see thru the French doors to the inviting jacuzzi & sparkling pool! Beautiful kitchen set up for functionality w/ breakfast room begging you to enjoy a cup of tea before day begins. Dbl doors lead into large master suite. Vaulted ceilings, fans, & light painted walls keep the house feeling cool in summer. Large tile/beautiful wood floors-simplicity of maintenance. Stylish bathrooms & new fixtures pull it all together. Low mntnc, mature desert landscaping/enjoyable patio. Block wall privacy/Garage storage/Minutes to Desert Ridge & Kierland. Well built/well maintained sells fast-HURRY!

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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,660
Property Tax -$283
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$286

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.

$450,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$1,8454$2,0505$2,200
$2,200
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
    •  
    • $1,820
    • $0.98
    •  
  • 3947 E Nisbet Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 1979
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 14801 N 37th Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 1972
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.00
    •  
  • 15601 N 48th Place Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1979
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 16014 N 41st Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,056 Sqft ∙ Built 1983
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Nancy B Kuzelka
Eclat Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168087
Last Updated: 12/04/2020
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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