Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4386 E Selena Drive Phoenix, AZ 85050

3 Beds 3 Baths 2,171 sqft Built 2007

$500,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $230.31
  • 4 Days on Market
  • MLS # : 6195600
  • Updated Date : 02/18/2021 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,171 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

MOVE-IN READY 3 bedroom, 2 bath plus a HUGE bonus room located in the gated community of Tatum Village! Kitchen features black appliances, granite countertops, breakfast bar for additional seating and opens up to an oversized dining room. Do you need more space...upstairs is a HUGE bonus room that can be used as another family room, game room, or teen room, you decide. Outside pavered patio is the perfect place to relax after a long day! Seller updates includes freshly painted interior and exterior (2021), NEW cabinet hardware (2021), epoxy garage floor (2021), NEW refrigerator (2020) NEW hot water heater (2020), NEW AC units (2019), NEW kitchen sink (2019). Community amenities include pool, spa, basketball courts and large grassy areas. Home is conveniently located near

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Tatum Village

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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,737
Property Tax -$315
Property Insurance -$70
HOA -$110
Property Management Fees -$99
CASH FLOW
-$100

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.

$500,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$19,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,480

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2304$2,6495$2,800
$2,800
RENT COMPS ANALYSIS
  • 4386 E Selena Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.03
    •  
  • 4373 E Selena Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 2007
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 3721 E Taro Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 1991
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 4429 E Hartford Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 2015
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,649
    • $1.31
    •  
  • 4432 E Anderson Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.25
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195600
Last Updated: 02/18/2021
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.

BESbswy