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

4701 E Ashurst Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,170 sqft Built 1997

$439,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $202.30
  • 3 Days on Market
  • MLS # : 6154519
  • Updated Date : 11/01/2020 at 14:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,170 sqft
  • Baths : 2 full , 1 half
Listing Agent

Success One Realty

Listing Agent's Description

Rare ''One-of-a-Kind'' home with entertainers backyard. Huge sports court, fenced pebble pool, private jacuzzi, covered outdoor kitchen/bbq area with raised granite counters, outside entertainment center. Lots of grass, built-in fire pit with custom seating and much more. Master Bedroom downstairs with vaulted ceilings and tile in all the right places. RV gate and extended garage for extra storage

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
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,620
Property Tax -$313
Property Insurance -$69
HOA -$11
Property Management Fees -$99
CASH FLOW
-$142

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.

$439,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.45%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$19,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,181

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9703$2,1504$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 4701 E Ashurst Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.91
    •  
  • 15448 S 44th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1992
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
  • 16621 S 39th Way Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
  • 4308 E Redwood Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2003
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
  • 16244 S 40th Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Joe Coletti
Success One Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154519
Last Updated: 11/01/2020
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.

BESbswy