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4537 E Angela Drive Phoenix, AZ 85032

4 Beds 2 Baths 1,814 sqft Built 1993

$424,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $234.23
  • 3 Days on Market
  • MLS # : 6165165
  • Updated Date : 11/27/2020 at 15:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,814 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Well appointed pristine home with courtyard gating entry 4 Bedroom, 2 Bath, This Home is a true find! Open floor plan Kitchen with slab granite counter tops stainless appliances ,light and bright home with breakfast nook and pantry. Very spacious living room. Master suite with walk in closet and Tile Flooring throughout, Cabinets in the Garage with Epoxy Garage Floor . State of the art built in monitoring camera security system . NO H.O.A.'s. Paradise Valley Schools you are near enough to Desert Ridge Market Place, Paradise Valley Mall and 101 Freeway as well as SR 51. Come and take a look and see why you'll make this Home!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Paradise North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342018

* 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
 

$382,410$467,390$424,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,568
Property Tax -$268
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$37

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.

$424,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$26,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9603$2,0854$2,0955$2,399
$2,399
RENT COMPS ANALYSIS
  • 4537 E Angela Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.08
    •  
  • 4550 E Meadow Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1995
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 17455 N 46th Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 1992
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,085
    • $1.11
    •  
  • 17638 N 45th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1993
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.16
    •  
  • 17418 N 46th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,881 Sqft ∙ Built 1992
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.28
    •  
PROPERTY LISTING DETAILS
Elizabeth K Weisman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165165
Last Updated: 11/27/2020
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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