Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4611 E Verbena Drive Phoenix, AZ 85044

4 Beds 3 Baths 2,652 sqft Built 1996

$475,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $179.11
  • 3 Days on Market
  • MLS # : 6188613
  • Updated Date : 02/26/2021 at 17:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,652 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Great location! 4 bedroom, 3 full bathroom home w/newly renovated pool, cool decking and 3 car garage in Kyrene elementary school district. Master suite boasts vaulted ceiling, double doors and outdoor balcony overlooking pool and backyard. Master bathroom with separate shower and bathtub, double sinks with vanity and oversized walk-in closet. Secondary bedrooms upstairs have large walk in closets. Newer appliances in kitchen, island, walk-in pantry and R/O at sink. New outdoor sliding door at family room w/gas fireplace. Downstairs office, den or 4th bedroom. Full bathroom downstairs. Formal living/dining room. Spacious backyard with covered patio, fenced in pool and grass. Tons of storage - garage cabinets too. Quick access to freeways, shopping, entertainment & airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Forty Eight East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k400k

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

Neighborhood: Forty Eight East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Mountain Pointe High School High Regular 2,685 111 3

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Mountain Pointe High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,650
Property Tax -$353
Property Insurance -$79
HOA -$11
Property Management Fees -$99
CASH FLOW
-$51

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.

$475,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,961

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,393

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,110
1$2,1102$2,1403$2,1954$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 4611 E Verbena Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,652 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.81
    •  
  • 16801 S 45th Place Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.83
    •  
  • 15445 S 47th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1997
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
  • 15210 S 44th Place Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1992
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 15237 S 40th Street Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,739 Sqft ∙ Built 1993
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.89
    •  
PROPERTY LISTING DETAILS
Frank C. Merlo Iii
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188613
Last Updated: 02/26/2021
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.

BESbswy