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5421 E Cannon Drive Paradise Valley, AZ 85253

5 Beds 4 Baths 4,169 sqft Built 1992

$1,325,000

List Price

$5,280

$5K - $5.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $317.82
  • 2 Days on Market
  • MLS # : 6197855
  • Updated Date : 02/27/2021 at 17:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,169 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Terrific family home on this south facing sunny lot in highly desired Promontory community in Paradise Valley!! This beauty went through a total remodel a few years ago & shows like a dream home!Highlights: soaring high vaulted ceilings, light, bright & airy floor plan, & spacious rooms! Chef's kitchen opens to a super breakfast nook area & then to the large great room! Dream kitchen w/ an awesome SS appliance pkg, beautiful custom cabinets, & designer granite counter-tops! True 5 bedrooms/3.5 bathrooms/& a 3 car garage! Fully finished basement features 2 large secondary bedrooms, a huge game room & a large bathroom w/ double sinks! Master suite is fabulous w/ high soaring vaulted ceilings & a spacious master bathroom w/ sep. HIS/HER vanities & a lg. walk in closet. Plantation shutters

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $122k810k

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

Neighborhood: Promontory

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $10454085

* 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
Cherokee Elementary School Primary Regular 500 31 9
Cocopah Middle School Middle Regular 899 43 9
Chaparral High School High Regular 2,053 87 7

Cherokee Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 31
9
GreatSchools Rating

Cocopah Middle School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 43
9
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,053
  • # of teachers: 87
7
GreatSchools Rating
 

$1,192,500$1,457,500$1,325,000

PURCHASE PRICE

$4,752$5,808$5,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,280
EXPENSES Loan Payment -$4,602
Property Tax -$825
Property Insurance -$108
HOA -$2
Property Management Fees -$99
CASH FLOW
-$357

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.

$1,325,000

PROJECTED PRICE

$5,280

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
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-$10k$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$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$356,875

INVESTMENT

$356,875

Down Payment
$331,250
Rehab Estimate
$5,750
Closing Costs
$19,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$4,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $331,250
Loan Amount $993,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$48,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,280

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $4,919

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$5,280
1$5,2802$5,300
$5,300
RENT COMPS ANALYSIS
  • 5421 E Cannon Drive Paradise Valley, AZ 1
    • 5 beds 4 baths ∙ 4,169 Sqft ∙ Built 1992 5 beds 4 baths ∙ 4,169 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $5,280
    • $1.27
    •  
  • 6259 E Mountain View Road Paradise Valley, AZ 2
    • 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986 4 beds 4 baths ∙ 4,503 Sqft ∙ Built 1986
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $5,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kristen Ryan
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197855
Last Updated: 02/27/2021
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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