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4712 E Swilling Road Phoenix, AZ 85050

3 Beds 2 Baths 1,663 sqft Built 1996

$440,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $264.58
  • 2 Days on Market
  • MLS # : 6194007
  • Updated Date : 02/13/2021 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,663 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

INVESTORS ONLY. 72 HOUR NOTICE, Tenants rights. Home is currently rented for $2195 a month-through 3-31-2022. This home pays for itself with 28 owned solar panels. Vaulted ceilings & fans, manufactured hardwood floors thru-out plus carpeting in bedrooms, decorative security screen front door, plantation shutters(LR/Bdrms)sunscreens on all windows. Stainless steel appliances, quartz counter tops, subway tile backsplash and custom oversized island. Partial master cedar closet. Partial in ground Jacuzzi on enlarged patio under custom 16'x 26' maintenance free powder coated metal patio cover. Desert Ridge Mall, Marriot and Wildfire Golf Course within walking distance

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,528
Property Tax -$277
Property Insurance -$60
HOA -$6
Property Management Fees -$99
CASH FLOW
$70

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.

$440,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$20k

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$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$31,235

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
  • $2,037

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8913$1,9504$1,9755$1,995
$1,995
RENT COMPS ANALYSIS
  • 4712 E Swilling Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4711 E Adobe Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,891
    • $1.14
    •  
  • 21640 N 46th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.27
    •  
  • 4617 E Jaeger Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1996
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.19
    •  
  • 4621 E Abraham Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.30
    •  
PROPERTY LISTING DETAILS
Michelle Divita
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194007
Last Updated: 02/13/2021
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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