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4455 E Paradise Village Parkway S #1046 Phoenix, AZ 85032

2 Beds 2 Baths 1,214 sqft Built 2001

$300,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $247.12
  • 6 Days on Market
  • MLS # : 6165554
  • Updated Date : 12/04/2020 at 19:02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,214 sqft
  • Baths : 2 full
Listing Agent

Arizona Golf & Sun Properties

Listing Agent's Description

POOLSIDE CONDO & move in ready. You will fall in love with this stunning Golf community in one of the best locations in the valley. Amazing restaurants and shopping This luxury GATED community offers a heated pool and hot tub for year round swimming, fitness center, and movie room. From your kitchen you'll love the expansive pool views, and lush tropical palm trees. Attached 2 car tandem garage, and access to many walking trails along Stonecreek Golf course. Nearby the 51 freeway, sky harbor airport, top valley restaurants and hiking in the valley. Furniture and decor available on separate bill of sale

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,107
Property Tax -$161
Property Insurance -$51
HOA -$277
Property Management Fees -$99
CASH FLOW
-$214

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.

$300,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.49%

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,407

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,478

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4753$1,4804$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 4455 E Paradise Village Parkway S #1046 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.22
    •  
  • 4455 E Paradise Village Parkway S #1089 Phoenix, AZ 1
    • 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 2
    • 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
Sherri L Plotke
Arizona Golf & Sun Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165554
Last Updated: 12/04/2020
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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