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4917 N 111th Lane Phoenix, AZ 85037

3 Beds 3 Baths 2,178 sqft Built 2007

$310,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $142.33
  • 3 Days on Market
  • MLS # : 6186358
  • Updated Date : 02/06/2021 at 22:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome home to this beautiful Camelback Ranch 3 bedroom, den, 2.5 bath home! Immaculate, with pride of ownership, this home will not disappoint! Formal living room, family room, generous kitchen with island, cooktop stove, newer microwave, lots of cabinets, a separate dining area, and a breakfast bar for additional seating, walk in pantry. Plank flooring upstairs, spacious master bedroom with a walk in closet, complete with custom drawers and shelves, master bath features a garden tub and separate shower. Blinds and ceiling fans throughout. Easy care desert front landscaping. Backyard is complete with planter boxes, poured concrete slabs, perfect for entertaining. 2 car garage. Excellent location! Nothing to do except move in.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8391567

* 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
Westview High School High Regular 2,456 94 2

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,077
Property Tax -$192
Property Insurance -$70
HOA -$50
Property Management Fees -$99
CASH FLOW
-$17

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$310,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,470
1$1,4702$1,5663$1,6004$1,6455$1,700
$1,700
RENT COMPS ANALYSIS
  • 4917 N 111th Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.67
    •  
  • 4813 N 112th Glen Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2007
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,566
    • $0.70
    •  
  • 10937 W Minnezona Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 10950 W Pierson Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 10903 W W. Coolidge Street #10903 Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
PROPERTY LISTING DETAILS
Cindy A Rango
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186358
Last Updated: 02/06/2021
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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