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4746 E Tierra Buena Lane Phoenix, AZ 85032

3 Beds 3 Baths 2,020 sqft Built 2014

$494,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $245.00
  • 3 Days on Market
  • MLS # : 6209368
  • Updated Date : 03/19/2021 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,020 sqft
  • Baths : 2 full , 1 half
Listing Agent

Parker Realty Llc

Listing Agent's Description

Gorgeous, MOVE-IN ready home for sale in Alcantara Villas! This is one of the subdivision's most popular models, built in 2014! Features include: Open, light & bright floorplan; Large, stunning gourmet kitchen offering espresso cabinets, huge granite center island, breakfast bar, pantry, and stainless steel appliances. The kitchen overlooks the dining area and Great Room, perfect for entertaining! The second floor offers a spacious loft perfect for a playroom, den, or office! Private master suite offers large walk in closet, and a spa-like bath! Must see the resort style community pool and cabana! Excellent N. Phx location close to hiking, PV schools, Desert Ridge, Kierland, & the 101 and 51 freeway. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$445,410$544,390$494,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,719
Property Tax -$312
Property Insurance -$67
HOA -$90
Property Management Fees -$99
CASH FLOW
-$66

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.

$494,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,899

INVESTMENT

$136,899

Down Payment
$123,725
Rehab Estimate
$5,750
Closing Costs
$7,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,725
Loan Amount $371,175
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,212

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,2205$2,250
$2,250
RENT COMPS ANALYSIS
  • 4746 E Tierra Buena Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.10
    •  
  • 4766 E Tierra Buena Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 15606 N 47th Place #0 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 4717 E Betty Elyse Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 4778 E Tierra Buena Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2014
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.11
    •  
PROPERTY LISTING DETAILS
Amy Parker
Parker Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209368
Last Updated: 03/19/2021
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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