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4432 E Grandview Road Phoenix, AZ 85032

4 Beds 2 Baths 2,414 sqft Built 1981

$599,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $248.51
  • 3 Days on Market
  • MLS # : 6156250
  • Updated Date : 11/06/2020 at 17:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,414 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

From the moment you drive up to this property, you will be in awe! This home has been meticulously maintained. It features 4 bedrooms, 1.75 bathrooms, sparking pool, tile and wood throughout, fresh exterior paint, and lighted closets. The master bedroom has two closets both featuring Classy Closets design and French doors to the backyard. The master bathroom has a spacious vanity with dual sinks and lots of storage. Both the front and backyard outdoor spaces will allow you to extend our beautiful Phoenix seasons. This home is truly an oasis and place of relaxation yet located near great restaurants, shopping and freeways. Come see it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Summit Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k411k

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

Neighborhood: Summit Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342115

* 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
 

$539,910$659,890$599,900

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 -$2,213
Property Tax -$378
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
-$404

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.

$599,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,964

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
  • $2,674

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,4004$2,5955$2,950
$2,950
RENT COMPS ANALYSIS
  • 4432 E Grandview Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,414 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,414 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17021 N 43rd Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 1994
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.05
    •  
  • 17007 N 44th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 1995
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
  • 4307 E Karen Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.08
    •  
  • 5050 E Paradise Lane Scottsdale, AZ 5
    • 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,564 Sqft ∙ Built 1988
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jennifer Stockhill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156250
Last Updated: 11/06/2020
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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