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4351 E Angela Drive Phoenix, AZ 85032

4 Beds 2 Baths 2,357 sqft Built 1995

$525,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $222.74
  • 2 Days on Market
  • MLS # : 6158012
  • Updated Date : 11/14/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,357 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Sensational Energy Efficient Solar Home with pristine curb appeal & 3 car garage. Soaring ceilings, soothing palette, high-end living room carpet, neutral tile floors in all the right places, plantation shutters, built-in media shelves, & ceiling fans. Center kitchen island, breakfast bar, granite counters, pantry, & plenty of wood cabinets. Bay window in breakfast area. Enjoy the family room fireplace on those chilly AZ evenings, plant shelves, custom palette, & patio access. Generous sized bedrooms, ample closets, 2 upscale baths w/granite counters, & interior laundry room. Private master en suite w/dual sinks & walk-in closet. The backyard boasts a sparkling pool, built-in BBQ, swaying palm trees, flagstone patio for dining, & grassy play area. Nearby Shopping & Dining

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Belmont

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Belmont

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
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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,937
Property Tax -$331
Property Insurance -$73
HOA -$8
Property Management Fees -$99
CASH FLOW
-$87

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.

$525,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$28,572

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,663

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,3604$2,8005$2,895
$2,895
RENT COMPS ANALYSIS
  • 4351 E Angela Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.00
    •  
  • 4327 E St John Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 1994
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
  • 4377 E Saint John Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 4432 E Anderson Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.25
    •  
  • 4522 E Michigan Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,442 Sqft ∙ Built 1990
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.19
    •  
PROPERTY LISTING DETAILS
Thoi Truong
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158012
Last Updated: 11/14/2020
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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