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4358 E Robert E Lee Street Phoenix, AZ 85032

3 Beds 2 Baths 1,995 sqft Built 1973

$379,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 07, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $190.43
  • 7 Days on Market
  • MLS # : 6166187
  • Updated Date : 12/12/2020 at 11:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,995 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Don't miss this great North Phoenix home with no HOA. This nice 3 bedroom, 2 bathroom single level home is located on a large interior lot with plenty of parking options. Property includes new ceiling fans with lighting in secondary bedrooms, new lighting in living room, master bedroom, and dining room. Clean white kitchen boasts new quartz countertops and new lighting. Large Arizona room with lots of windows looks out over a sparkling private pool. Great storage options and big clean garage. Backyard also includes refreshed landscaping throughout and new ceiling fans with lighting on the large covered patio. Leased Tesla solar system keeps utility bills low year round.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Theresa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Villa Theresa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,402
Property Tax -$239
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$104

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.

$379,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$39,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9103$2,0854$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 4358 E Robert E Lee Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.96
    •  
  • 17419 N 46th Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,881 Sqft ∙ Built 1992
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.01
    •  
  • 17455 N 46th Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.11
    •  
  • 17638 N 45th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.16
    •  
  • 4031 E Topeka Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 1988
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.12
    •  
PROPERTY LISTING DETAILS
Denise Claycomb
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166187
Last Updated: 12/12/2020
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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