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5332 E Oak Street Phoenix, AZ 85008

3 Beds 2 Baths 3,162 sqft Built 1987

$639,900

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $202.37
  • 5 Days on Market
  • MLS # : 6180471
  • Updated Date : 01/13/2021 at 22:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,162 sqft
  • Baths : 2 full
Listing Agent

Property Hub Llc

Listing Agent's Description

Mountain views! This home is by Papago Mountains Home features large kitchen, tile floors, bonus room/man cave, art studio, storage shed, huge master suite, granite counters, vaulted ceilings and outdoor shower area. Huge fenced in lot. Several courtyards surround the property. Take advantage of this amazing opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moundview

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k462k

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

Neighborhood: Moundview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341841

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$575,910$703,890$639,900

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$2,223
Property Tax -$429
Property Insurance -$89
Property Management Fees -$99
CASH FLOW
$971

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.

$639,900

PROJECTED PRICE

$3,810

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

13.17

YEARS SAVED

$135,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $5,597

    COMP ESTIMATED VALUE
  • $1.77

    COMP AVG. RENT PER SQFT
Comps Range
$3,810
1$3,8102$4,9003$6,500
$6,500
RENT COMPS ANALYSIS
  • 5332 E Oak Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 3,162 Sqft ∙ Built 1987 3 beds 2 baths ∙ 3,162 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $1.20
    •  
  • 5309 E Flower Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 3,080 Sqft ∙ Built 1972 3 beds 3 baths ∙ 3,080 Sqft ∙ Built 1972
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.59
    •  
  • 4915 E Lafayette Boulevard Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,327 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,327 Sqft ∙ Built 1997
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.95
    •  
PROPERTY LISTING DETAILS
Daniel Saucedo
Property Hub Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180471
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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