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4829 N 92nd Lane Phoenix, AZ 85037

4 Beds 3 Baths 2,385 sqft Built 2001

$329,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $138.32
  • 2 Days on Market
  • MLS # : 6163294
  • Updated Date : 11/20/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,385 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Great 4 bedroom plus loft, 2.5 bath home on over 11,000sf lot. Bright open kitchen with island and pantry. Eat-in dining area. Separate living and family rooms. New interior and exterior paint. Updated lighting throughout. Neutral tile in all the right places. Covered patio. Huge backyard with RV gate. See this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8531567

* 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
Sunset Ridge Elementary School Primary Regular 684 29 5
Sunset Ridge Elementary School Middle Regular 684 29 5
Copper Canyon High School High Regular 2,251 82 1

Sunset Ridge Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Sunset Ridge Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,217
Property Tax -$204
Property Insurance -$74
HOA -$16
Property Management Fees -$99
CASH FLOW
-$40

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.

$329,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5703$1,5754$1,6005$1,850
$1,850
RENT COMPS ANALYSIS
  • 4829 N 92nd Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,385 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.66
    •  
  • 4811 N 93rd Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 2001
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.69
    •  
  • 8602 W Sells Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 1992
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 9328 W Pasadena Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 4810 N 95th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2003
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.69
    •  
PROPERTY LISTING DETAILS
Annette Dalton
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163294
Last Updated: 11/20/2020
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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