Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4644 E Emile Zola Avenue Phoenix, AZ 85032

4 Beds 2 Baths 2,049 sqft Built 1978

$449,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $219.57
  • 2 Days on Market
  • MLS # : 6187775
  • Updated Date : 01/30/2021 at 23:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,049 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

FANTASTIC OPPORTUNITY! * PRIME LOCATION * SOLID SLUMP BLOCK HOME * 4 BEDROOMS * DIMENSIONAL SHINGLED ROOF REPLACED IN 2020 * BAY WINDOWS * CHARMING FIREPLACE * FORMAL DINING AND BREAKFAST AREA WITH BAY WINDOWS * GALLEY KITCHEN WITH PASS THROUGH SERVING BAR * LARGE MASTER WITH DOUBLE DOORS * EXTRA AIR RETURN IN FAMILY ROOM FOR EFFICIENT COOLING * RV GATE AND PARKING * SECURITY DOORS * GREAT HOME * JUST NEEDS PAINT AND CARPET * COSTCO, TARGET AND GROCERY STORE ARE A MINUTE AWAY * YOU WILL LOVE THE CONVENIENCE OF LIVING IN THIS AREA * SEE THIS ONE TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k351k

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

Neighborhood: Roadrunner Estates East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341890

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,563
Property Tax -$283
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$108

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.

$449,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$37,572

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
  • $2,223

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,2504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 4644 E Emile Zola Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4502 E Sharon Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1977
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 5001 E Charter Oak Road Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 1976
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 4618 E Redfield Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,209 Sqft ∙ Built 1979
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.11
    •  
  • 5001 E Pershing Avenue Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,140 Sqft ∙ Built 1973
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187775
Last Updated: 01/30/2021
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.

BESbswy