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4455 E Paradise Village Parkway S #1041 Phoenix, AZ 85032

2 Beds 2 Baths 1,234 sqft Built 2001

$325,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $263.37
  • 2 Days on Market
  • MLS # : 6154975
  • Updated Date : 11/02/2020 at 14:34
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,234 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Fabulous TH is located in a very desired GATED Community .....Close to shopping (Trader Joe's, Whole Foods, Frys, Costco), restaurants, Stonecreek Golf Course..... Quick access to the 51.....2 Bedrooms, 2 Baths, 2 car Tandum Garage. Flooring (Wood vinyl planking) & Carpet recently installed......Freshly painted and ready for a new owner. Home also includes recently installed full size stacked Washer/Dryer, Plantation Shutters, beautiful lighting in the dining area and halls, canned lighting in the kitchen. You will love the amenities of the complex, beautiful pool, club house, etc.......

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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,199
Property Tax -$168
Property Insurance -$51
HOA -$277
Property Management Fees -$99
CASH FLOW
-$275

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.

$325,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.47%

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$900k

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,360

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
  • $1,512

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4954$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 4455 E Paradise Village Parkway S #1041 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 2001
    property image
    • 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
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.19
    •  
  • 4455 E Paradise Village Parkway #1022 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.23
    •  
  • 4455 E Paradise Village Parkway S #1092 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
  • 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
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
PROPERTY LISTING DETAILS
Kathryn P Sanford
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154975
Last Updated: 11/02/2020
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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