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4437 E Desert Trumpet Road Phoenix, AZ 85044

4 Beds 3 Baths 2,526 sqft Built 1994

$578,950

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $229.20
  • 3 Days on Market
  • MLS # : 6178603
  • Updated Date : 01/09/2021 at 18:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,526 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Highly Sought after Crimson Ridge . Beautiful 4 Bedroom Family Home plus Den. Large Formal Living Room and Formal Dining Room plus Great Room -Kitchen . Kitchen features Rich Wood Cabinets with pull out shelves , Granite counters and Stainless steel appliances. Custom Made Entertainment unit in Family room remains . Split Floor Plan with Master Bedroom separated from the other three Bedrooms. Master Bedroom has attached Bathroom complete with ''Clothes Horse'' sized closet. Resort Style Back Yard Featuring Pebble Sheen Heated Pool complete with Basket Ball Hoop. Covered Patio with retractable awning and cabana drapes. Built in Bar B Que perfect to serve large gatherings . Triple Garage with built in storage . All located within Minutes of Shopping and Restaurants and Major Freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crimson Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k385k

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

Neighborhood: Crimson Ridge

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
Kyrene De La Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
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
 

$521,055$636,845$578,950

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,011
Property Tax -$412
Property Insurance -$76
HOA -$7
Property Management Fees -$99
CASH FLOW
-$315

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.

$578,950

PROJECTED PRICE

$2,290

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,172

INVESTMENT

$159,172

Down Payment
$144,738
Rehab Estimate
$5,750
Closing Costs
$8,684

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,738
Loan Amount $434,213
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,873

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
  • $2,475

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4437 E Desert Trumpet Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15445 S 47th Way Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
  • 15210 S 44th Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 4764 E South Fork Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 1997
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 14620 S 44th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sharon M Berrett
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178603
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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