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626 W Thunderhill Drive Phoenix, AZ 85045

3 Beds 2 Baths 2,012 sqft Built 1996

$525,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $260.93
  • 2 Days on Market
  • MLS # : 6203426
  • Updated Date : 03/06/2021 at 15:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

Mark Brower Properties, Llc

Listing Agent's Description

Don't miss this rare find - Great location in Foothills Club West. Open concept spacious 3 bedroom plus den backing to South Mountain Park with incredible views! Other things you will love about this home include: split floor plan, soaring ceilings throughout, large sparkling blue pool, built in outdoor kitchen with high-end built-in gas grill, gas fire pit, large master suite, spacious 3 car garage and top rated schools. Positioned in a quiet neighborhood without through traffic. Tenant occupied. Lease expires in June 2021. Current rent $1795. Great for investors!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,824
Property Tax -$374
Property Insurance -$66
HOA -$6
Property Management Fees -$99
CASH FLOW
-$208

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.

$525,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$1.4M

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$14,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,881

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9503$2,1604$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 626 W Thunderhill Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $1.07
    •  
  • 1604 W Satinwood Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,977 Sqft ∙ Built 2006
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 315 E Mountain Sky Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,167 Sqft ∙ Built 1990
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 16447 S 16th Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 626 W Mountain Vista Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mark Brower
Mark Brower Properties, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203426
Last Updated: 03/06/2021
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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