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4643 E Briarwood Terrace Phoenix, AZ 85048

3 Beds 2 Baths 1,603 sqft Built 1997

$377,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $235.18
  • 10 Days on Market
  • MLS # : 6151866
  • Updated Date : 10/26/2020 at 10:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story cul-de-sac home offers granite countertops, stainless steel appliances, tile flooring, a covered patio, turf, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k300k

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

Neighborhood: Foothills Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341596

* 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 Del Milenio Primary Regular 661 37 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene Del Milenio

  • Education Level: Primary
  • # of students: 661
  • # of teachers: 37
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$339,300$414,700$377,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,391
Property Tax -$268
Property Insurance -$58
HOA -$11
Property Management Fees -$99
CASH FLOW
-$18

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$377,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

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

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$105,655

INVESTMENT

$105,655

Down Payment
$94,250
Rehab Estimate
$5,750
Closing Costs
$5,655

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,391

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,250
Loan Amount $282,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7753$1,7754$1,8105$1,895
$1,895
RENT COMPS ANALYSIS
  • 4643 E Briarwood Terrace Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.13
    •  
  • 4732 E Amberwood Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1997
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
  • 4715 E Briarwood Terrace Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1996
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.13
    •  
  • 16415 S 46th Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1997
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.11
    •  
  • 16427 S 46th Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1996
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.12
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151866
Last Updated: 10/26/2020
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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