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4628 E Crystal Lane Paradise Valley, AZ 85253

4 Beds 4 Baths 3,536 sqft Built 1969

$1,615,000

List Price

$4,730

$4.5K - $5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $456.73
  • 3 Days on Market
  • MLS # : 6191225
  • Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,536 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

Classic adobe hacienda in the highly desirable Paradise Valley Country Estates (no HOA). The elevated hillside lot is a quiet and private sanctuary to soak in endless sky & 360 mountain views. Nearly acre lot offers many possibilities while keeping the prized views. A custom paver driveway curves around the home to a generous motor court & 2-car garage. Inside is a very functional & turn-key 4BR/4BA layout that has been lovingly maintained & updated over the years. Unwind in the beautiful library w/ built in bookcases & masonry fireplace. Entertain on the large covered patio overlooking the Pebbletec pool w/ panoramic view of Camelback. Abundant storage throughout as well as a large workshop area off the garage. Unbeatable central PV location is close to Scottsdale and amenities.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300k1400kPrice in $122k1454k

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

Neighborhood: Paradise Valley Country Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500500055006000Rent in $10456064

* 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
Kiva Elementary School Primary Regular 463 29 10
Mohave Middle School Middle Regular 816 48 7
Saguaro High School High Regular 1,316 63 7

Kiva Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Mohave Middle School

  • Education Level: Middle
  • # of students: 816
  • # of teachers: 48
7
GreatSchools Rating

Saguaro High School

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 63
7
GreatSchools Rating
 

$1,453,500$1,776,500$1,615,000

PURCHASE PRICE

$4,257$5,203$4,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,730
EXPENSES Loan Payment -$5,609
Property Tax -$766
Property Insurance -$96
Property Management Fees -$99
CASH FLOW
-$1,840

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,615,000

PROJECTED PRICE

$4,730

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$433,725

INVESTMENT

$433,725

Down Payment
$403,750
Rehab Estimate
$5,750
Closing Costs
$24,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$5,609

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $403,750
Loan Amount $1,211,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,730

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $4,715

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,7303$5,0004$5,950
$5,950
RENT COMPS ANALYSIS
  • 4628 E Crystal Lane Paradise Valley, AZ 2
    • 4 beds 4 baths ∙ 3,536 Sqft ∙ Built 1969 4 beds 4 baths ∙ 3,536 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $4,730
    • $1.34
    •  
  • 4601 E Mockingbird Lane Paradise Valley, AZ 1
    • 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 1979 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 1979
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.17
    •  
  • 4724 E Desert Park Place Paradise Valley, AZ 3
    • 4 beds 4 baths ∙ 3,879 Sqft ∙ Built 1976 4 beds 4 baths ∙ 3,879 Sqft ∙ Built 1976
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.29
    •  
  • 4708 E Desert Park Place Paradise Valley, AZ 4
    • 4 beds 3 baths ∙ 3,866 Sqft ∙ Built 1974 4 beds 3 baths ∙ 3,866 Sqft ∙ Built 1974
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,950
    • $1.54
    •  
PROPERTY LISTING DETAILS
Ryan Swan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191225
Last Updated: 02/12/2021
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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