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5357 W Desert Hollow Drive Phoenix, AZ 85083

5 Beds 3 Baths 2,572 sqft Built 2018

$460,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $178.85
  • 3 Days on Market
  • MLS # : 6167909
  • Updated Date : 12/04/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,572 sqft
  • Baths : 3 full
Listing Agent

Joplin Realty, Llc

Listing Agent's Description

Spacious 5 bed,3 bath home in Stetson Valley. Upgraded Kitchen, Stainless Steel Appliances. Walk thru the front door you are greeted with a versatile and spacious flex room that can be used as a living room, dining room or a combination of both. Continuing past the stairway is a large family room and an open kitchen with island and nook. Sliding doors and large windows provide a view to the included back yard covered patio that interacts perfectly with both the nook and the kitchen. On the main level you will also find a full bathroom and guest bedroom. On the second level is the master suite, three additional bedrooms and a large loft. The master suite includes a private master bath with a large walk-in shower. It also includes all of the energy efficient and extravagant designer features

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,697
Property Tax -$275
Property Insurance -$77
HOA -$24
Property Management Fees -$99
CASH FLOW
-$283

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.

$460,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,045

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8903$2,0004$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 5357 W Desert Hollow Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.73
    •  
  • 5319 W Paso Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2008
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 5420 W Hobby Horse Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.82
    •  
  • 5227 W El Cortez Trail Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 25619 N 51st Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Vasanth Kumar
Joplin Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167909
Last Updated: 12/04/2020
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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