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4637 E Cholla Street Phoenix, AZ 85028

6 Beds 3 Baths 3,427 sqft Built 1971

INVESTimate

$1,149,900

List Price

$3,500

$3,250 - $3,750

Rent Est.

$1,224,414  ( +6.48%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $335.54
  • 78 Days on Market
  • MLS # : 6089016
  • Updated Date : 08/20/2020 at 16:23
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,427 sqft
  • Baths : 3 full
Listing Agent

Those Callaways

Listing Agent's Description

BOUNDLESS ABODE boasting a premier split plan with six bedrooms (two suites) on over an ACRE in the heart of Phoenix. So much has been updated - fresh interior & exterior paint, dual-pane low-E windows, WiFi smart lights and more. Built-in Bosch appliances in the remodeled granite kitchen. Wide open family room and long dining room. Saltillo is cool in Summer and warm in Winter. A master suite and secondary guest suite wow with private exits and plenty of space. Beautiful Bamboo floors dress all six bedrooms. All updated baths. A brand new 1,993 SF Travertine patio invites you out back to enjoy the heated pebble-finish pool & spa (w/new Solar Safe cover), sports court, pro shuffleboard and artificial turf. Two RV gates and standalone workshop with full power. Only a half-mile to amenities.

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
Sequoya Elementary School Primary Regular 468 25 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Sequoya Elementary School

  • Education Level: Primary
  • # of students: 468
  • # of teachers: 25
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
 

$1,034,910$1,264,890$1,149,900

PURCHASE PRICE

$3,150$3,850$3,500

RENT

DOWN PAYMENT
FINANCING

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-$20k-$10k$0.0$10k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,500
EXPENSES Loan Payment -$4,243
Property Tax -$595
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$1,531

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.

$1,149,900

PROJECTED PRICE

$3,500

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$310,474

INVESTMENT

$310,474

Down Payment
$287,475
Rehab Estimate
$5,750
Closing Costs
$17,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $287,475
Loan Amount $862,425
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$623

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,500

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $4,232

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,475
1$3,4752$3,5003$4,500
$4,500
RENT COMPS ANALYSIS
  • 4637 E Cholla Street Phoenix, 2
    • 6 beds 3 baths ∙ 3,427 Sqft ∙ Built 1971 6 beds 3 baths ∙ 3,427 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
  • 5026 E Oakhurst Way Scottsdale, 1
    • 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,400 Sqft ∙ Built 1979
    LEASED 05/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,475
    • $1.02
    •  
  • 4902 E Berneil Drive Paradise Valley, 3
    • 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
Joann Callaway
Those Callaways
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6089016
Last Updated: 08/20/2020
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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