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4701 E Palo Verde Drive Phoenix, AZ 85018

3 Beds 2 Baths 2,690 sqft Built 1975

$1,075,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $399.63
  • 2 Days on Market
  • MLS # : 6174470
  • Updated Date : 01/02/2021 at 23:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,690 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Ideal location with the most incredible views of Camelback Mountain and the Praying Monk, Piestewa Peak and Mummy Mountain. This stunning home sits on a corner lot and comprises 3 bedrooms, 2 bathrooms with no interior steps and all tile flooring. The formal living room, dining room and kitchen are situated to your left as you walk into the house from the front door. The master bedroom and guest bedrooms are to your right. The kitchen boasts an expansive marble countertop, perfect for large gatherings with family and friends. As you step outside to the backyard from the kitchen, get ready to be amazed by the views. The backyard is the perfect entertainer's dream come true with a built-in BBQ, fireplace and raised patio where you can enjoy the most amazing views and sunsets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Heritage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900k1000kPrice in $91k1050k

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

Neighborhood: Heritage Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9344479

* 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
 

$967,500$1,182,500$1,075,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$3,966
Property Tax -$604
Property Insurance -$80
HOA -$180
Property Management Fees -$99
CASH FLOW
-$1,129

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,075,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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

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$290,625

INVESTMENT

$290,625

Down Payment
$268,750
Rehab Estimate
$5,750
Closing Costs
$16,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,966

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $268,750
Loan Amount $806,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,599

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $4,069

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,8003$3,8004$4,3005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4701 E Palo Verde Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,690 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,690 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.41
    •  
  • 4002 E Mcdonald Drive Paradise Valley, AZ 1
    • 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1959
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.43
    •  
  • 4343 E Stanford Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960 3 beds 2 baths ∙ 2,600 Sqft ∙ Built 1960
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.46
    •  
  • 5301 N 43rd Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960 3 beds 3 baths ∙ 2,721 Sqft ∙ Built 1960
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.58
    •  
  • 4302 E St Joseph Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1957
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.58
    •  
PROPERTY LISTING DETAILS
Aneezah Nabee Hawkins
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174470
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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