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4616 N 94th Lane Phoenix, AZ 85037

4 Beds 3 Baths 2,435 sqft Built 2001

$369,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $151.54
  • 2 Days on Market
  • MLS # : 6203493
  • Updated Date : 03/06/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome home! An incredible two-story house is waiting just for you in desirable Phoenix. This cul-de-sac property is ready for new owners, it offers an easy care desert front landscaping and RV gate. Inside you'll find 4 spacious bedrooms, designer paint throughout, a den great for an office, and a cozy loft perfect for fun & entertainment. You'll absolutely love this well maintained eat-in kitchen offering see-through cabinets, plenty counter space, and sparkling clean appliances. The master bedroom includes a bathroom with two walk-in closets, step-in shower, dual sinks, and a separate tub ready to enjoy. This home is complete with a laundry room. Step outside to see a grassy backyard with covered patio, pavers, storage shed, and so much space great for your gatherings. Call today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8531567

* 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
Copper Canyon High School High Regular 2,251 82 1

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,282
Property Tax -$228
Property Insurance -$75
HOA -$15
Property Management Fees -$99
CASH FLOW
-$99

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.

$369,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,771

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4993$1,6004$1,6495$1,850
$1,850
RENT COMPS ANALYSIS
  • 4616 N 94th Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4811 N 93rd Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 9328 W Pasadena Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 10217 W Georgia Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,165 Sqft ∙ Built 1998
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.76
    •  
  • 4810 N 95th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
PROPERTY LISTING DETAILS
Alejandro J Sanchez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203493
Last Updated: 03/06/2021
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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