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519 W Sequoia Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,653 sqft Built 1979

$305,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $184.51
  • 3 Days on Market
  • MLS # : 6188328
  • Updated Date : 02/05/2021 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome to your new 3 bedroom 2 bathroom home located in the beautiful Desert Valley Estates in Phoenix! Pulling up to your charming home you are greeted with a gorgeous gated front yard that includes a grass lawn, maintained shrubs, and excellent curb appeal that invites you in! Stepping into the home you will notice a double door entryway, a spacious floor plan, plush carpet and tile throughout, neutral-toned paint, and a cozy red brick fireplace to relax in front of at the end of your day. Your eat-in kitchen showcases ample cabinet space, a breakfast bar, stainless steel appliances, plenty of room for preparing home cooked meals, and sliding glass doors that take you to your very own Arizona room. Your spacious master bedroom features a walk-in closet with built in shelving, plush

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$274,500$335,500$305,000

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 -$1,059
Property Tax -$192
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$170

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.

$305,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$34,945

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
  • $1,694

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,5804$1,6455$1,650
$1,650
RENT COMPS ANALYSIS
  • 519 W Sequoia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.96
    •  
  • 501 W Wescott Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 1983
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 1343 W Wahalla Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 1990
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 1302 W Kristal Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 1978
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.08
    •  
  • 19818 N 5th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188328
Last Updated: 02/05/2021
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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