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

4722 E Jaeger Road Phoenix, AZ 85050

4 Beds 2 Baths 1,962 sqft Built 1995

$479,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $244.14
  • 2 Days on Market
  • MLS # : 6165126
  • Updated Date : 12/04/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,962 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful and Spacious Home in the Very Desirable Desert Ridge Area*Open Floor Plan*Neutral Color Tile and Carpeting*Cozy Fireplace Area in Family Room* Enjoy the Private Grassy Backyard*Quiet & Friendly Neighborhood*Close to Desert Ridge Shopping Mall and GREAT Restaurants* YOU WILL LOVE THE AREA and this home! Home is Priced to Sell!

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
Desert Trails Elementary School Primary Regular 525 33 9
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Desert Trails Elementary School

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 33
9
GreatSchools Rating

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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,767
Property Tax -$302
Property Insurance -$65
HOA -$6
Property Management Fees -$99
CASH FLOW
$120

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.

$479,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.49%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$45,933

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $2,359

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,3603$2,4504$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 4722 E Jaeger Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.20
    •  
  • 4710 E Jaeger Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1996
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 4709 E Sands Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 1996
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.20
    •  
  • 4508 E Adobe Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 1996
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.25
    •  
  • 4632 E Via Montoya Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
PROPERTY LISTING DETAILS
Beth Marie Lee
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165126
Last Updated: 12/04/2020
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