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4349 E Alta Mesa Avenue Phoenix, AZ 85044

4 Beds 2 Baths 1,656 sqft Built 1978

$389,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $234.90
  • 3 Days on Market
  • MLS # : 6165793
  • Updated Date : 12/04/2020 at 13:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

With one of the best locations in Ahwatukee, this updated 4 bedroom 2 bathroom move in ready home on a quiet street has everything you need. You'll love the 20'' tile flooring, the gourmet kitchen with granite countertops and center island, and the carefully designed front and backyard landscaping.You'll find built in closets in the master bedroom and one of the secondary bedrooms, built in storage in the indoor laundry room, and built in cabinets in the 2 car garage. Too many additional upgrades to list here; see a full list in the documents section.Do you enjoy outdoor activities? Whether you are into mountain biking or hiking, this home provides you with close and easy access to the Pima Canyon Trailhead at South Mountain where you can spend hours

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Foothills Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Desert Foothills Estates

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 De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,435
Property Tax -$277
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$201

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.

$389,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6703$1,7954$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 4349 E Alta Mesa Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.01
    •  
  • 4349 E Capistrano Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 4369 E Pearce Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 10455 S 44th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.16
    •  
  • 9828 S 44th Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,795 Sqft ∙ Built 1986
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
John Ferrin
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165793
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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