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4455 E Paradise Village Parkway #1112 Phoenix, AZ 85032

2 Beds 2 Baths 1,220 sqft Built 2001

$299,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $245.49
  • 4 Days on Market
  • MLS # : 6166960
  • Updated Date : 12/05/2020 at 13:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This luxurious and spacious two bedroom two bath condo is upgraded and ready to move in. Open floorplan has a large contemporary kitchen with white cabinets, newer appliances, tile backsplash, mini-fridge, LED lights and more. Large living room is ready for entertaining or relaxing with pool views and a private balcony. Two car garage has plenty of extra storage space. Central location makes access to the loop 101, highway 51, & downtown minutes away. Luxury is what you can expect living in this highly sought after gated community. Amenities include heated pool/spa, clubhouse, media room, fitness center, & property also backs one of the top golf courses in the Valley with many walking/bike paths. Walking distance to dozens of local restaurants & all popular shopping. Video tour available.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villas at Stonecreek Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Villas at Stonecreek Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q27008009001000110012001300140015001600170018001900Rent in $6671981

* 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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$269,550$329,450$299,500

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,105
Property Tax -$155
Property Insurance -$51
HOA -$277
Property Management Fees -$99
CASH FLOW
-$197

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.

$299,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,118

INVESTMENT

$85,118

Down Payment
$74,875
Rehab Estimate
$5,750
Closing Costs
$4,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,105

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,875
Loan Amount $224,625
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$4,096

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
  • $1,485

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4754$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 4455 E Paradise Village Parkway #1112 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4455 E Paradise Village Parkway S #1089 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.19
    •  
  • 4455 E Paradise Village Parkway S #1037 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,220 Sqft ∙ Built 2001
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.21
    •  
  • 4455 E Paradise Village Parkway #1022 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.23
    •  
  • 4455 E Paradise Village Parkway S #1116 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
PROPERTY LISTING DETAILS
Martin Nadirsha
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166960
Last Updated: 12/05/2020
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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