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4632 E Cochise Drive Phoenix, AZ 85028

4 Beds 4 Baths 3,249 sqft Built 1987

$1,275,000

List Price

$3,860

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $392.43
  • 2 Days on Market
  • MLS # : 6160570
  • Updated Date : 11/14/2020 at 17:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,249 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Idyllically bordering Scottsdale & Paradise Valley on a private cul-de-sac lot, welcomes 4BR/4BA & over 3,200 SF on 1/2 acre + lot. Open entry, w/vaulted wood ceilings introduces formal living & dining room on elegant custom stone floors. Chef's kitchen is a culinary dream w/ stainless steel appliances, granite countertops, custom stone backsplash, built-in fridge, & oversized center island! Oversized master suite w/ dual sinks, walk-in closet & stunning stone fireplace next to the freestanding tub. Beautiful resort-style backyard w/ ext. covered patio, artificial turf, built-in BBQ, outdoor fireplace, & pool. Heated & cooled detached multifunctional outbuilding for your toys, workshop & or additional entertainment space. Superior location only minutes from Oldtown & Kierland Commons.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tatum Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Tatum Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9344458

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$3,474$4,246$3,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,860
EXPENSES Loan Payment -$4,704
Property Tax -$660
Property Insurance -$90
HOA -$60
Property Management Fees -$99
CASH FLOW
-$1,754

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.

$1,275,000

PROJECTED PRICE

$3,860

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$343,625

INVESTMENT

$343,625

Down Payment
$318,750
Rehab Estimate
$5,750
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$379

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,860

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $4,224

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,7503$3,8604$4,500
$4,500
RENT COMPS ANALYSIS
  • 4632 E Cochise Drive Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,249 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,249 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,860
    • $1.19
    •  
  • 5131 E Butler Drive Paradise Valley, AZ 1
    • 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.19
    •  
  • 5036 E Yucca Street Scottsdale, AZ 2
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.26
    •  
  • 4902 E Berneil Drive Paradise Valley, AZ 4
    • 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978 5 beds 3 baths ∙ 3,093 Sqft ∙ Built 1978
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.45
    •  
PROPERTY LISTING DETAILS
Mark Captain
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160570
Last Updated: 11/14/2020
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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