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4610 E Swilling Road Phoenix, AZ 85050

3 Beds 2 Baths 1,962 sqft Built 1996

$545,999

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $278.29
  • 3 Days on Market
  • MLS # : 6159699
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,962 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

This sought after Desert Ridge floor plan is ideally located on quiet cul de sac. Home features 3 bedrooms and 2 dens. Third bedroom is currently used as a second walk-in closet and easily converted back to a 3rd bedroom. Family room is spacious and open to a well appointed kitchen and features a gas fireplace. Resort style backyard is perfect for entertaining with lush landscaping and pebble tech pool. Comfortable master bedroom has two large walk-in closets & a spacious bath that has a private entrance to the backyard. Just minutes from Desert Ridge Marketplace & City North as well as the 101 & 51. This home is perfect!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Desert Trails Elementary School Primary Regular 525 33 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Desert Trails Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 33
9
GreatSchools Rating

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$491,399$600,599$545,999

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,015
Property Tax -$344
Property Insurance -$65
HOA -$6
Property Management Fees -$99
CASH FLOW
$1

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.

$545,999

PROJECTED PRICE

$2,530

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$150,440

INVESTMENT

$150,440

Down Payment
$136,500
Rehab Estimate
$5,750
Closing Costs
$8,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,500
Loan Amount $409,499
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$38,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $2,526

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,5003$2,5004$2,5305$2,600
$2,600
RENT COMPS ANALYSIS
  • 4610 E Swilling Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.29
    •  
  • 4719 E Weaver Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1998
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
  • 4425 E Weaver Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.36
    •  
  • 4522 E Jaeger Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.36
    •  
  • 21646 N 44th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1997
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.33
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159699
Last Updated: 11/13/2020
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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