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4536 E Cheyenne Drive Phoenix, AZ 85044

3 Beds 2 Baths 1,381 sqft Built 1983

$342,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $248.01
  • 2 Days on Market
  • MLS # : 6206686
  • Updated Date : 03/13/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,381 sqft
  • Baths : 2 full
Listing Agent

International Real Estate Professionals, Llc

Listing Agent's Description

IMMACULATE, UPDATED, 3 BEDROOM SPLIT PLAN HOME IN AHWATUKEE'S ADULT COMMUNITY (55+)*HOME INTERIOR & EXTERIOR FRESHLY PAINTED, INCLUDING GARAGE*NEW STAINLESS KITCHEN APPLIANCES & GRANITE COUNTERTOPS*NEW POLISHED NICKEL CABINET HARDWARE*NEW CARPET IN BEDROOMS & STRIKING ''SILVER OAK'' VINYL PLANK THROUGH-OUT THE REMAINDER OF THE HOME*CORNER FIREPLACE IN GREAT ROOM* FORMAL DINING ROOM WITH NEW LIGHTING & MIRRORED WALL* NICE SIZED MASTER BEDROOM W/WALK-IN CLOSET* HVAC LESS THAT 2 YEARS OLD*LARGE NORTH FACING PATIO WITH S. MTN. VIEW*

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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 De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$308,250$376,750$342,500

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 -$1,190
Property Tax -$244
Property Insurance -$54
HOA -$6
Property Management Fees -$99
CASH FLOW
-$102

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.

$342,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,513

INVESTMENT

$96,513

Down Payment
$85,625
Rehab Estimate
$5,750
Closing Costs
$5,138

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,190

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,625
Loan Amount $256,875
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,6504$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 4536 E Cheyenne Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.08
    •  
  • 4234 E Tamaya Street Ahwatukee, AZ 2
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.18
    •  
  • 4805 E Kachina Trail #33 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 4246 E Jicarilla Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.30
    •  
  • 4844 E Capistrano Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
PROPERTY LISTING DETAILS
Roger W. Swanson
International Real Estate Professionals, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206686
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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