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4721 E Mineral Road Phoenix, AZ 85044

4 Beds 2 Baths 1,636 sqft Built 1981

$364,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $223.04
  • 5 Days on Market
  • MLS # : 6152486
  • Updated Date : 11/01/2020 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

It's time for this original owner to pass the torch to another wonderful family to make their own great memories in this sweet house! Walking distance to hiking and biking on South Mountain Preserve, Top rated Kyrene School District and best yet...no H.O.A.! The dedicated entry leads to a spacious living and dining combination. The fireplace is the focal point with sliding doors leading to your new back yard. The kitchen features a breakfast bar, stainless smooth top range/oven and a 3 door stainless fridge with water and ice. Adjoining this space is either a breakfast room or a family room, you decide! The separate exit to the side yard brings in lots of natural light. The master bedroom is spacious with a dressing area and walk-in closet which is hard to find in homes of this age.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Spanish Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Spanish Mountain Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,346
Property Tax -$260
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$74

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.

$364,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,346

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,478

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
  • $1,898

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7954$1,7955$1,845
$1,845
RENT COMPS ANALYSIS
  • 4721 E Mineral Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,636 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4805 E Kachina Trail #33 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 10455 S 44th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1977
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.16
    •  
  • 4844 E Capistrano Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1981
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.14
    •  
  • 10438 S 44th Court Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1982
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.22
    •  
PROPERTY LISTING DETAILS
Patti Glauner
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6152486
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.

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