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4623 E Monte Vista Road Phoenix, AZ 85008

3 Beds 2 Baths 2,025 sqft Built 1956

$399,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $197.04
  • 7 Days on Market
  • MLS # : 6153069
  • Updated Date : 10/29/2020 at 16:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,025 sqft
  • Baths : 1 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

This charming mid-century home has been beautifully renovated to make it your own! It features gorgeous modern flooring throughout, fresh paint, beautiful barn doors covering the den office area. The Kitchen has been updated to quartz countertops, white cabinets, all brand new stainless steel appliances, & new lighting. ⁣Decent sized master bedroom, master bath has tiled walls, plenty of closet space. New ceiling fans throughout, gas stove, wood beam, newer A/C w/transferable warranty, new windows t/o, huge laundry room, spacious front & backyard includes a shed! Make your appointement today for a showing! ⁣

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,472
Property Tax -$236
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$399,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$46,993

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
  • $2,263

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8504$1,9505$2,545
$2,545
RENT COMPS ANALYSIS
  • 4623 E Monte Vista Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1956 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5953 E Thomas Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 4613 E Vernon Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1955
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.10
    •  
  • 3038 N 52nd Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1955
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 4728 E Oak Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1957 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 1957
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,545
    • $1.25
    •  
PROPERTY LISTING DETAILS
Steve Trang
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153069
Last Updated: 10/29/2020
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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