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4642 E Mountain View Court Phoenix, AZ 85028

4 Beds 3 Baths 2,881 sqft Built 1976

$1,250,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $433.88
  • 3 Days on Market
  • MLS # : 6209293
  • Updated Date : 03/20/2021 at 01:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,881 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Light, bright, open & inviting! Welcome home to luxury. Completely remodeled in 2017 the Open concept makes this house feel huge. The owners suite has its own wing with dedicated AC to provide comfort, privacy and a respite from your day to day. Three huge bedrooms provide all the space your littles need to spread out. 3 ACs and nest thermostats run multi zone climate control to keep you comfortable year round without any thought. The property is quite large with lots of room to expand the backyard. Lush green grass and a beautifully pavered patio to bring it all together. So much to experience in here, it'll give you that feeling you've been hunting for. The location is ideal! Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Alta Vida

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800kPrice in $91k871k

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

Neighborhood: Rancho Alta Vida

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9344242

* 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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$4,342
Property Tax -$647
Property Insurance -$83
HOA -$22
Property Management Fees -$99
CASH FLOW
-$1,553

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.

$1,250,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.4%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$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$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$582

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,990

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,7003$4,0004$4,2005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4642 E Mountain View Court Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,881 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4840 E Fanfol Drive Paradise Valley, AZ 2
    • 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,741 Sqft ∙ Built 1974
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.35
    •  
  • 9023 N 53rd Street Paradise Valley, AZ 3
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 1960 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 1960
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.33
    •  
  • 5036 E Yucca Street Scottsdale, AZ 4
    • 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,980 Sqft ∙ Built 1979
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.41
    •  
  • 4902 E Berneil Drive Paradise Valley, AZ 5
    • 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
David Specht
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209293
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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