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4402 E Cheyenne Drive Phoenix, AZ 85044

2 Beds 2 Baths 1,348 sqft Built 1982

$285,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $211.42
  • 4 Days on Market
  • MLS # : 6186847
  • Updated Date : 01/30/2021 at 23:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,348 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

WONDERFUL RETIREMENT HOME IN THE 55+ NEIGHBORHOOD. 2BR/2BA/2GAR THIS IS A SPLIT FLOOR PLAN WITH A GREAT ROOM. THERE IS A BEDROOM AND BATH AT EACH END OF THE HOUSE. THE GREAT ROOM HAS A VAULTED CEILING. SITUATED ON A NICE MAINTENANCE FREE CORNER LOT. WITH MOUNTAIN VIEWS. QUIET AREA NEAR SHOPPING, BANKS, RESTAURANTS AND RECREATION CENTER

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$990
Property Tax -$203
Property Insurance -$53
HOA -$6
Property Management Fees -$99
CASH FLOW
-$71

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.

$285,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,297

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3753$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 4402 E Cheyenne Drive Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,348 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.95
    •  
  • 4908 E Magic Stone Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 4740 E Ahwatukee Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 11250 S Shoshoni Drive Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 11623 S Jokake Street Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1975
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
PROPERTY LISTING DETAILS
Peter H. Meier
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186847
Last Updated: 01/30/2021
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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