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4643 E Montecito Avenue Phoenix, AZ 85018

4 Beds 4 Baths 3,411 sqft Built 2014

$1,250,000

List Price

$4,060

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $366.46
  • 4 Days on Market
  • MLS # : 6198170
  • Updated Date : 03/05/2021 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,411 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Gorgeous modern craftsman, impeccably built in 2015. Beautiful gardens on this corner lot with mature landscaping in front and back. Foyer and grand wooden staircase when you enter the home. Large eat in kitchen with an oversized island and granite countertops. High ceilings, custom cabinets, wainscoting, and luxury finishes throughout. Cozy family room with gas fireplace, windows that bring in lots of light, and a sliding glass door that looks out to patio and backyard. Walk in pantry and extra storage under the staircase. Guest room, office, or den with a full bathroom on the bottom floor. Three bedrooms and an oversized laundry room upstairs. Incredible view of Camelback mountain. Massive master bedroom has luxurious soaking tub, separate shower, and walk-in closet with extensive

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jeffery Leigh

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $83k467k

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

Neighborhood: Jeffery Leigh

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8621930

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

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

PURCHASE PRICE

$3,654$4,466$4,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,060
EXPENSES Loan Payment -$4,342
Property Tax -$647
Property Insurance -$94
Property Management Fees -$99
CASH FLOW
-$1,122

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

$4,060

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

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

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 60% 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

1.33

YEARS SAVED

$7,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,060

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $5,389

    COMP ESTIMATED VALUE
  • $1.58

    COMP AVG. RENT PER SQFT
Comps Range
$4,060
1$4,0602$4,6003$5,0004$6,500
$6,500
RENT COMPS ANALYSIS
  • 4643 E Montecito Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,411 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,411 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $4,060
    • $1.19
    •  
  • 3226 E Sells Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,140 Sqft ∙ Built 2010
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.46
    •  
  • 4431 N 36th Place Phoenix, AZ 3
    • 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,421 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.46
    •  
  • 3810 E Campbell Avenue Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,581 Sqft ∙ Built 2017
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.82
    •  
PROPERTY LISTING DETAILS
Michelle Perry
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198170
Last Updated: 03/05/2021
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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