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6338 W Hughes Drive Phoenix, AZ 85043

3 Beds 2 Baths 1,313 sqft Built 2001

$250,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $190.40
  • 2 Days on Market
  • MLS # : 6181755
  • Updated Date : 01/16/2021 at 15:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,313 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Come see this beautiful 3 bedroom 2 bathroom and a great floor plan! You won't find anything similar within this price range! This home includes a beautiful living room, vaulted ceilings, great open kitchen, and spacious backyard. You won't want to miss out on the opportunity to make this home yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park at Terralea

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Park at Terralea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7471567

* 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
Western Valley Elementary School Primary Regular 671 39 3
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Western Valley Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 39
3
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$868
Property Tax -$145
Property Insurance -$53
HOA -$11
Property Management Fees -$99
CASH FLOW
-$76

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.

$250,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$9,093

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,152

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3503$1,3504$1,3755$1,435
$1,435
RENT COMPS ANALYSIS
  • 6338 W Hughes Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,313 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 6023 W Warner Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 2002
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.87
    •  
  • 6346 W Whyman Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2001
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.86
    •  
  • 6337 W Whyman Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.89
    •  
  • 6527 W Toronto Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.89
    •  
PROPERTY LISTING DETAILS
Silverio Vidrio
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181755
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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