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4642 E Navigator Lane Phoenix, AZ 85050

3 Beds 2 Baths 1,981 sqft Built 2017

$680,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $343.26
  • 3 Days on Market
  • MLS # : 6209285
  • Updated Date : 03/20/2021 at 22:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,981 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Comfortable luxury abounds in this 3 bed + den 2 bath home in the upscale gated community of Sanctuary at Desert Ridge. Enter through the decorative iron door to a light filled room with relaxing backyard views. Premium Chef-friendly GE kitchen with gas range, stainless steel appliances, extended height warm colored soft close cabinets, complimentary glass tile backsplash up to the ceiling, BIG island with seating, built-in buffet & granite countertops. The home is tiled throughout. Great room offers all the best in entertainment including surround sound (also on the patio), Control 4 Audio & Security Systems & MORE. Over $30k in improvements in the last year.Luxurious master features a lovely custom tiled shower with rain shower head, pull out cabinets and built-in closet cabinetry for

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,362
Property Tax -$428
Property Insurance -$66
HOA -$209
Property Management Fees -$99
CASH FLOW
-$664

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.

$680,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,838

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
  • $2,536

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4004$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 4642 E Navigator Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22208 N 48th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 4212 E Williams Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1997
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.31
    •  
  • 4812 E Kirkland Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 4632 E Via Montoya Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jeffery Hill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209285
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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