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4628 E Shomi Street Phoenix, AZ 85044

3 Beds 2 Baths 1,459 sqft Built 1991

$295,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $202.19
  • 5 Days on Market
  • MLS # : 6164804
  • Updated Date : 11/27/2020 at 14:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,459 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Meticulously cared for. This comfortable single level 3 bedrooms 2 baths home is ready for you. AC replaced 11/2020. New roof in 2018 with 30 year warranty. Beautiful tile floors and neutral carpet. Vaulted ceilings. Skylights. Shutters in all windows. Kitchen with sunny breakfast room. Lots of cabinet and counter space. Spacious master bedroom with exit door to back yard. Master bath with walk in shower. Walk in closet and dual sinks .Garage with storage cabinets. Create your own Garden in this low maintenance back yard .The community has a club house with pool. Great neighbors and close to shopping and dining . Rec Center membership offers many other activities. Come take a look.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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 De La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,088
Property Tax -$210
Property Insurance -$56
HOA -$212
Property Management Fees -$99
CASH FLOW
-$95

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.

$295,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,7503$1,7954$1,7955$1,949
$1,949
RENT COMPS ANALYSIS
  • 4628 E Shomi Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.08
    •  
  • 4617 E Lavender Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1994
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
  • 5101 E Nambe Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1982
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.19
    •  
  • 4718 E Goldfinch Gate Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.30
    •  
  • 13418 S 47th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,518 Sqft ∙ Built 1994
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.28
    •  
PROPERTY LISTING DETAILS
Norma D Riggs
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164804
Last Updated: 11/27/2020
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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