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4358 E Briles Road Phoenix, AZ 85050

4 Beds 2 Baths 2,437 sqft Built 1996

$599,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $245.79
  • 4 Days on Market
  • MLS # : 6186902
  • Updated Date : 01/31/2021 at 01:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful, well maintained single level home on corner lot in desired Tatum Highlands. Spacious kitchen with plenty of cabinets, granite counter tops, stainless steel appliances and large pantry. Fabulous landscape in both front and back of home. Private yard perfect for entertaining or relaxing with Pebble Tec pool and large covered patio. Four bedrooms plus bonus room. Newer AC unit and Tankless Water Heater. Conveniently located close to schools, shopping and restaurants.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k409k

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

Neighborhood: Tatum Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342195

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,081
Property Tax -$377
Property Insurance -$75
HOA -$12
Property Management Fees -$99
CASH FLOW
-$153

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.

$599,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$22,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,498

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,3004$2,3005$2,895
$2,895
RENT COMPS ANALYSIS
  • 4358 E Briles Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 26422 N 42nd Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1996
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.95
    •  
  • 26207 N 47th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1998
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.97
    •  
  • 26634 N 45th Street Cave Creek, AZ 4
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 1996
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 4715 E Chisum Trail Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1995
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.20
    •  
PROPERTY LISTING DETAILS
Gina Gullquist
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186902
Last Updated: 01/31/2021
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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