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4452 E Redwood Lane Phoenix, AZ 85048

4 Beds 3 Baths 2,450 sqft Built 2001

$489,990

List Price

$2,310

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $200.00
  • 4 Days on Market
  • MLS # : 6180585
  • Updated Date : 01/14/2021 at 18:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,450 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gold Trust Realty

Listing Agent's Description

Beautiful home in Ahwatukee Foothills, close to 202 & I10. 4bed & 2.5bath spacios home with vaulted ceiling in living room. Tiles in all the right area. Sparkling pool in backyard with water feature. Great school district.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Paseo

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Foothills Paseo

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 Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$440,991$538,989$489,990

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,702
Property Tax -$349
Property Insurance -$75
HOA -$15
Property Management Fees -$99
CASH FLOW
$70

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.

$489,990

PROJECTED PRICE

$2,310

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.3%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,597

INVESTMENT

$135,597

Down Payment
$122,498
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,498
Loan Amount $367,493
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$33,198

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,321

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1103$2,3004$2,3105$2,375
$2,375
RENT COMPS ANALYSIS
  • 4452 E Redwood Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.94
    •  
  • 4419 E Redwood Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2001
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.92
    •  
  • 16801 S 45th Place Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.83
    •  
  • 16244 S 40th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 4326 E Cedarwood Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,337 Sqft ∙ Built 2001
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jenny Jie Sun Mou
Gold Trust Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180585
Last Updated: 01/14/2021
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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