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4439 E Devonshire Avenue Phoenix, AZ 85018

4 Beds 3 Baths 2,892 sqft Built 2015

$1,050,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $363.07
  • 5 Days on Market
  • MLS # : 6173597
  • Updated Date : 01/13/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,892 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Elegant Arcadia home that was 100% NEW CONSTRUCTION in 2015! You will love the open floor plan & large living areas w/10' ceilings, oak wood floors & 8' solid core interior doors. Open kitchen w/lots of storage has white shaker cabinets w/Carerra marble counters & kitchen island w/butcher block. Large family room complete w/wainscoting & gas fireplace w/variable heat control. Sweeping staircase takes you up to huge loft with Camelback views, Master bed w/Resort Master bath, & 2 more bedrooms&full bath. Pavers were laid for the 3 car driveway as well as a walkway that goes to the RV gate, sidewalk to backyard gate, PLUS the large extended covered patio. From the patio you find the massive backyard with luscious green grass and large mature trees. SO MUCH ROOM for a POOL plus more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cavalier Palms

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $83k410k

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

Neighborhood: Cavalier Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621673

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$3,647
Property Tax -$544
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$733

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.

$1,050,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$14,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $3,955

    COMP ESTIMATED VALUE
  • $1.37

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,5003$3,6404$3,7005$3,800
$3,800
RENT COMPS ANALYSIS
  • 4439 E Devonshire Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $1.26
    •  
  • 4302 E Sells Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.37
    •  
  • 4246 E Cheery Lynn Road Phoenix, AZ 2
    • 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.33
    •  
  • 4245 E Cheery Lynn Road Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,629 Sqft ∙ Built 2007
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.41
    •  
  • 4207 E Cheery Lynn Road Phoenix, AZ 5
    • 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,800 Sqft ∙ Built 2019
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.36
    •  
PROPERTY LISTING DETAILS
Steve Oliverio
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173597
Last Updated: 01/13/2021
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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