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4446 E Annette Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,496 sqft Built 1987

INVESTimate

$357,000

List Price

$1,810

$1,629 - $1,991

Rent Est.

$374,065  ( +4.78%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $238.64
  • 7 Days on Market
  • MLS # : 6120186
  • Updated Date : 08/21/2020 at 14:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix two-story corner home offers granite countertops, stainless steel appliances, and a two-car garage. Upgraded features include new carpet. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Point

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k296k

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

Neighborhood: College Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$321,300$392,700$357,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,317
Property Tax -$225
Property Insurance -$56
HOA -$46
Property Management Fees -$99
CASH FLOW
$67

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.

$357,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.78%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$1,8003$1,8104$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 4446 E Annette Drive Phoenix, 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.21
    •  
  • 4241 E Jason Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,561 Sqft ∙ Built 1991
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.14
    •  
  • 4388 E Rosemonte Drive Phoenix, 2
    • 3 beds 3 baths ∙ 1,424 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,424 Sqft ∙ Built 2007
    property image
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.26
    •  
  • 18633 N 45th Place Phoenix, 4
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1989
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.21
    •  
  • 4380 E Renee Drive Phoenix, 5
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120186
Last Updated: 08/21/2020
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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