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4535 E Villa Rita Drive Phoenix, AZ 85032

3 Beds 3 Baths 2,641 sqft Built 1990

$538,200

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $203.79
  • 2 Days on Market
  • MLS # : 6179127
  • Updated Date : 01/10/2021 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,641 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Very nice curb appeal for this 3 bed, 2 baths, 3 car garage two-story. Tile floors throughout the main level. Formal Living & Dining with soaring ceilings. Spaciou open floor plan for the kitchen, dining,and family room. The eat-in kitchen has a plethora of cabinets, granite look-countertops, SS appliances, and a pantry. The family room has a cozy fireplace. Laundry off the main living area. Open loft area has many possibilities! The bedrooms have plush carpeting & ceiling fans. The master has a full bath and walk-in closet. The serene backyard has a covered patio, and sparkling play pool. Close to shopping, and dining at Desert Ridge, or Kierland Commons. Minutes to the 101. Make this your new home today!

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
 

$484,380$592,020$538,200

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,869
Property Tax -$339
Property Insurance -$79
HOA -$3
Property Management Fees -$99
CASH FLOW
-$289

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.

$538,200

PROJECTED PRICE

$2,100

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,373

INVESTMENT

$148,373

Down Payment
$134,550
Rehab Estimate
$5,750
Closing Costs
$8,073

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,869

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,550
Loan Amount $403,650
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$11,921

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
  • $2,582

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,4754$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 4535 E Villa Rita Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4639 E Annette Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1992
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 4549 E Villa Rita Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.94
    •  
  • 5112 E Villa Rita Drive Scottsdale, AZ 4
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 4544 E Michelle Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert G Fritz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179127
Last Updated: 01/10/2021
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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