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5222 E Poston Drive Phoenix, AZ 85054

3 Beds 2 Baths 2,055 sqft Built 1998

$625,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $304.14
  • 2 Days on Market
  • MLS # : 6203272
  • Updated Date : 03/07/2021 at 03:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Overlooking expansive desert open space and steps from Wildfire Golf course, this is a location dream come true! Recent upgrades include flooring, kitchen cabinets, showers, pool equipment, turf lawn, putting green, A/C and replaced roof! You'll also appreciate the shutters, granite counters, light fixtures, hardware, split floorplan, high ceilings & so much more. The back yard privacy and north/south exposure is great for relaxing by the pool with waterfall, entertaining or practicing your putting. It's the ultimate serene atmosphere with the backdrop of natural desert open space. Desert Ridge perks - top rated schools, nearby Wildfire Golf Course, shopping/dining at High Street & Desert Ridge Marketplace plus Marriott Resort & Spa. Convenient to 51 & 101 too. Welcome Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Desert Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342794

* 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
Explorer Middle School Middle Regular 883 35 10
Pinnacle High School High Regular 2,443 96 8

Explorer Middle School

  • Education Level: Middle
  • # of students: 883
  • # of teachers: 35
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,171
Property Tax -$394
Property Insurance -$67
HOA -$6
Property Management Fees -$99
CASH FLOW
-$247

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.

$625,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,565

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
  • $2,528

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3004$2,5955$2,800
$2,800
RENT COMPS ANALYSIS
  • 5222 E Poston Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 22208 N 48th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,878 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 22424 N 49th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1996
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.11
    •  
  • 4812 E Kirkland Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1998
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.30
    •  
  • 4632 E Via Montoya Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1998
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.34
    •  
PROPERTY LISTING DETAILS
Holly Henbest
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203272
Last Updated: 03/07/2021
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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