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4346 E Evans Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,447 sqft Built 1982

$385,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $266.07
  • 3 Days on Market
  • MLS # : 6179998
  • Updated Date : 01/16/2021 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Great home with a large yard, fenced in pebbletech pool w/new variable speed pool pump. The additional paver patio, artificial turf, and built-in bench creates a great space for entertaining. Nice open floorplan, granite countertops/backsplash in kitchen, spacious eating & living area, 3 bedrooms, 2 bath, a perfect size home. Wide plank, engineered wood floors and tile throughout. Beautiful slate tile touches in bathroom, front entry and covered patio. There is a workroom off the garage that is now being used as a work from home space (as well as schooling from home). An additional concrete slab with RV gate is on the side of garage in the backyard, there are many different ways to use this area. No popcorn ceilings!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Covey West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Covey West

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
Indian Bend Elementary School Primary Regular 571 35 5
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,337
Property Tax -$242
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$144

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.

$385,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,599

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5903$1,6454$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 4346 E Evans Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.10
    •  
  • 4138 E Joan De Arc Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1977
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 4102 E Karen Drive Phoenix, AZ 3
    • 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
    •  
  • 4330 E Evans Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.17
    •  
  • 14220 N 37th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,624 Sqft ∙ Built 1974
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
PROPERTY LISTING DETAILS
Darlene Locke
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179998
Last Updated: 01/16/2021
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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