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5401 E Flower Street Phoenix, AZ 85018

4 Beds 3 Baths 2,704 sqft Built 1958

$1,099,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $406.43
  • 2 Days on Market
  • MLS # : 6212378
  • Updated Date : 03/27/2021 at 01:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,704 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Beautifully remodeled Arcadia ranch on the coveted Flower St. The home sits on an oversized corner lot, N/S exposure, rare detached third car garage, extra-large front and backyards, with views of Camelback and Papago mtns. Features an open floor plan, kitchen/family room with additional living/dining room accented with lots of natural light. This showpiece was built for entertaining with a bright kitchen, huge island, high-end stainless-steel appliances, Carrera marble countertops, custom built in bar and huge walk-in pantry. Thoughtful details include high end wide plank wood floors and custom ship lap accents. The family room features a fireplace with custom built in benches and mantel from reclaimed wood. The Owner's hideaway features an extra-large

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PRICE & RENT TRENDS

Neighborhood: Stephen Circle

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700kPrice in $91k723k

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

Neighborhood: Stephen Circle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342649

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$989,100$1,208,900$1,099,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$3,817
Property Tax -$569
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
-$1,245

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.

$1,099,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,985

INVESTMENT

$296,985

Down Payment
$274,750
Rehab Estimate
$5,750
Closing Costs
$16,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,817

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $274,750
Loan Amount $824,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,644

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3203$3,4504$3,5005$3,750
$3,750
RENT COMPS ANALYSIS
  • 5401 E Flower Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.23
    •  
  • 3043 N 53rd Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,626 Sqft ∙ Built 1954
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 5739 E Calle Del Paisano -- Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 1957
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.46
    •  
  • 6132 E Rose Circle Drive Scottsdale, AZ 4
    • 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 1958
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.42
    •  
  • 4540 E Heatherbrae Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,746 Sqft ∙ Built 1953
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.37
    •  
PROPERTY LISTING DETAILS
Connard Dillon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212378
Last Updated: 03/27/2021
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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