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5015 E Cheyenne Drive #39 Phoenix, AZ 85044

2 Beds 3 Baths 1,640 sqft Built 2001

$329,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $201.16
  • 2 Days on Market
  • MLS # : 6194050
  • Updated Date : 02/13/2021 at 15:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,640 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Luxury Ahwatukee townhome, 2 bedrooms, 2.5 bathrooms, with two single-bay garages, in the private and gated 40-unit complex of Tuscany Court. An open concept living room and kitchen creates the main level, while bedrooms and laundry are away on the upper level. New gray, wood-look laminate flooring recently installed throughout. The most unique feature is the rear patio with gas grill and private door for direct access to the community pool. Best room award goes to the large master suite with walk-in closet, double sink bathroom, with separate tub and shower, plus two exterior balconies with wrought iron details. This one is special- a very nice home, in an ideal location, in an excellent community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuscany Courts Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k305k

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

Neighborhood: Tuscany Courts Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,146
Property Tax -$235
Property Insurance -$59
HOA -$230
Property Management Fees -$99
CASH FLOW
-$189

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

$1,580

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

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 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,5804$2,0005$2,075
$2,075
RENT COMPS ANALYSIS
  • 5015 E Cheyenne Drive #39 Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,640 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,640 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.96
    •  
  • 5015 E Hazel Drive #1 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1994
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 5015 E Cheyenne Drive #30 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,324 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,324 Sqft ∙ Built 2002
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.15
    •  
  • 1250 N Abbey Lane #297 Chandler, AZ 4
    • 2 beds 3 baths ∙ 1,927 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,927 Sqft ∙ Built 2017
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
  • 1250 N Abbey Lane #209 Chandler, AZ 5
    • 2 beds 3 baths ∙ 1,927 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,927 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $1.08
    •  
PROPERTY LISTING DETAILS
Steve J. Lugo, Jr.
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194050
Last Updated: 02/13/2021
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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