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4634 E Tierra Buena Lane Phoenix, AZ 85032

4 Beds 3 Baths 2,322 sqft Built 2015

$657,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $282.95
  • 2 Days on Market
  • MLS # : 6209982
  • Updated Date : 03/20/2021 at 16:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,322 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This beautifully upgraded newer home is an open floor plan with two living areas and an office! *Features include a gourmet kitchen, brand new stainless appliances, and an extra large island *Great room boasts 20-feet of sliding glass doors that open to a stunning low-maintenance travertine tile patio and turf area. *Built-in surround sound inside and out *Large master bedroom has a generous sized walk-in closet, bathroom with double sinks, tub, and large shower. *Main floor office doubles as 4th bedroom *Addtl. features include large loft, upgraded tile flooring, storage room under staircase, shelved storage room upstairs, and a 2 car garage * Home is on a cul-de-sac, short walk to the community pool, and very convenient to Kierland & Scottsdale Quarter shopping and restaurants!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$591,300$722,700$657,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,282
Property Tax -$414
Property Insurance -$72
HOA -$104
Property Management Fees -$99
CASH FLOW
-$511

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.

$657,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,855

INVESTMENT

$179,855

Down Payment
$164,250
Rehab Estimate
$5,750
Closing Costs
$9,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,250
Loan Amount $492,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,763

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$2,460
1$2,4602$2,6003$2,7004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 4634 E Tierra Buena Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.06
    •  
  • 4735 E Tierra Buena Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,270 Sqft ∙ Built 2016
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
  • 16614 N 49th Way Scottsdale, AZ 3
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2001
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.16
    •  
  • 4764 E Tierra Buena Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,322 Sqft ∙ Built 2014
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.21
    •  
  • 16816 N 51st Street Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.24
    •  
PROPERTY LISTING DETAILS
Elyse Johnson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209982
Last Updated: 03/20/2021
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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