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4606 W Rolling Rock Drive Phoenix, AZ 85086

3 Beds 2 Baths 1,820 sqft Built 2004

$375,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $206.04
  • 3 Days on Market
  • MLS # : 6204002
  • Updated Date : 03/13/2021 at 16:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

This gorgeous, corner lot, single level home, features all the bells and whistles... tile pathway at entry, neutral paint throughout, neutral plush carpet & pad, upgraded tile, cherry cabinetry w/ pull-outs, granite counters, stainless steel & black appliances, pearl nickel bath fixtures, epoxy coating in garage, security system, ceiling fans, surround sound prewire in den, living room, master, and patio, den w/ french doors & custom built-ins, garden tub in master, tiled covered patio, kiva, and bbq area with no neighbor behind, and too much more to list!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Anthem West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342119

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,303
Property Tax -$213
Property Insurance -$63
HOA -$28
Property Management Fees -$99
CASH FLOW
$195

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.

$375,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.51%

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$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$39,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,7003$1,7954$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 4606 W Rolling Rock Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 42422 N 46th Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 2004
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.90
    •  
  • 4431 W Powell Drive Anthem, AZ 2
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2007
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 43018 N 44th Drive Anthem, AZ 3
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 42928 N 43rd Drive New River, AZ 4
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2005
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Nathan Sherman
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204002
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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