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5009 W Range Mule Drive Phoenix, AZ 85083

4 Beds 3 Baths 2,725 sqft Built 2006

$700,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $256.88
  • 1 Days on Market
  • MLS # : 6260280
  • Updated Date : 07/13/2021 at 13:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,725 sqft
  • Baths : 2 full , 1 half
Listing Agent

Conway Real Estate

Listing Agent's Description

Highly sought after Stetson Hills. Check out this awesome original owner owned and very well maintained home. Paved front courtyard brings you into this desirable split floorplan which is light, bright and perfect for relaxing or entertaining. NO carpet! Step into the living room and get a view of the Mediterranean oasis backyard with fruit and citrus trees and no neighbors behind you for extra privacy. Spacious eat-in kitchen with lots of cabinetry and countertop workspace-perfect for family gatherings around the Holidays. There are 2 bedrooms and a den on one side of the home. Huge master suite on the other side with sitting area and its own entrance to the backyard. Do NOT miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating

Hillcrest Middle School

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

$630,000$770,000$700,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$2,431
Property Tax -$419
Property Insurance -$80
HOA -$24
Property Management Fees -$99
CASH FLOW
-$954

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.

$700,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$111

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
  • $2,119

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,0004$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 5009 W Range Mule Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,725 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5226 W El Cortez Trail Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2006
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 5420 W Hobby Horse Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 5165 W Quail Track Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 25043 N 44th Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,013 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
PROPERTY LISTING DETAILS
Blair Ballin
Conway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6260280
Last Updated: 07/13/2021
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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