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6325 W Prickly Pear Trail Phoenix, AZ 85083

5 Beds 3 Baths 3,002 sqft Built 1999

$550,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $183.21
  • 2 Days on Market
  • MLS # : 6187706
  • Updated Date : 01/30/2021 at 03:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,002 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This home checks all the boxes! 5 Bedrooms, 3 bathrooms, pool/spa, 3 car garage, 3,000 sq ft, gas fireplace, Plantation shutters throughout, low HOA and on a private cul-de-sac with mountain views and preserve area. This home boasts a beautiful backyard with private pool, spa and covered patio with misting system. Owner has installed smart thermostats and smart garage door openers that both can be managed remotely. Come see in person!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Eagle Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8991981

* 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
Hillcrest Middle School Middle Regular 991 40 8
Mountain Ridge High School High Regular 2,206 94 7
Hillcrest Middle School Middle Unknown NA

Hillcrest Middle School

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

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating

Hillcrest Middle School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,910
Property Tax -$329
Property Insurance -$86
HOA -$3
Property Management Fees -$99
CASH FLOW
-$158

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.

$550,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$19,325

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,357

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2503$2,2704$2,2995$2,395
$2,395
RENT COMPS ANALYSIS
  • 6325 W Prickly Pear Trail Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,002 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.76
    •  
  • 6357 W Desert Hollow Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,793 Sqft ∙ Built 1999
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 6334 W Briles Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
  • 6617 W Andrea Drive Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.80
    •  
  • 6509 W Molly Lane Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Doug Palma
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187706
Last Updated: 01/30/2021
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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