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535 E Pasaro Drive Phoenix, AZ 85085

5 Beds 3 Baths 3,172 sqft Built 2019

INVESTimate

$520,000

List Price

$2,820

$2,570 - $3,070

Rent Est.

$536,640  ( +3.20%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $163.93
  • 5 Days on Market
  • MLS # : 6118713
  • Updated Date : 08/22/2020 at 12:21
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,172 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Magnificent family home in picture perfect location! 5 bed/3 bath with den and spacious loft. Located in the remote but convenient Gateway at Sonoran Preserve Community. Plantation shutters throughout home! Formal dining and gourmet kitchen with decorative tile back splash, stainless steel appliances, built in oven, natural gas cook top, pantry and plenty of counter and cabinet space. Spacious back yard with extended patio and large grass area. Outdoor adobe style fireplace, charcoal grill and Talavera tiled counter top, great space for entertaining! Just up the road from the community park/splash pad. This home will not last long!

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PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k417k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342582

* 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
Sonoran Foothills School Primary Regular NA
Sonoran Foothills School Middle Regular NA
Barry Goldwater High School High Regular 1,856 88 4

Sonoran Foothills School

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

Sonoran Foothills School

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

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$1,919
Property Tax -$311
Property Insurance -$89
HOA -$111
Property Management Fees -$99
CASH FLOW
$291

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$520,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.20%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$139,800

INVESTMENT

$139,800

Down Payment
$130,000
Rehab Estimate
$2,000
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$73,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,760

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,820
$2,820
RENT COMPS ANALYSIS
  • 535 E Pasaro Drive Phoenix, 2
    • 5 beds 3 baths ∙ 3,172 Sqft ∙ Built 2019 5 beds 3 baths ∙ 3,172 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.89
    •  
  • 1811 W Sierra Sunset Trail Phoenix, 1
    • 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2006
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
Chanse Blanshan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118713
Last Updated: 08/22/2020
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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