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4636 E Piedmont Road Phoenix, AZ 85044

3 Beds 3 Baths 1,487 sqft Built 1985

$359,999

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $242.10
  • 5 Days on Market
  • MLS # : 6159119
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,487 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

NO HOA!! Updated home in top rated Kyrene School District & BASIS school. Enjoy outdoor life: Walking distance to hiking/biking on South Mountain, park & golf. Near highways & stores. 3 beds, 21/2 baths & 2 car garage w/built in cabinets. Remodeled kitchen(2018) granite countertop, air extractor, sink & more. Master bedroom has balcony with mountain view. Energy Efficient Windows. Upgrades(2018) 1/2 bath, Ceiling fans, Garage & Water heater. Low maintenance landscape: Fruit Trees. You'll love it.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Ahwatukee Foothills

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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
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
 

$323,999$395,999$359,999

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,328
Property Tax -$256
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$130

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.

$359,999

PROJECTED PRICE

$1,610

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $269,999
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,610
1$1,6102$1,6503$1,7954$1,7955$1,845
$1,845
RENT COMPS ANALYSIS
  • 4636 E Piedmont Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.08
    •  
  • 4805 E Kachina Trail #33 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 4369 E Pearce Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1979
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.11
    •  
  • 4844 E Capistrano Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
  • 10438 S 44th Court Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.22
    •  
PROPERTY LISTING DETAILS
Dorrie J Sauerzopf
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159119
Last Updated: 11/13/2020
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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