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6351 W Saddlehorn Road Phoenix, AZ 85083

4 Beds 3 Baths 2,542 sqft Built 1999

$395,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $155.39
  • 6 Days on Market
  • MLS # : 6187435
  • Updated Date : 02/26/2021 at 18:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,542 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Absolutely Beautiful 4 Bedroom, 2.5 Bath Two Story Home Located in Desired Entrada Community, Formal Living & Dining Room, Open Kitchen w/Granite Countertops, Appliances Included, Eat-In Kitchen Dining Room, Spacious Family Room w/Gas Fireplace, Upstairs Master Bathroom w/Walk-In Closet, Master Bathroom w/Dual Sinks & Separate Tub & Shower, 3 Additional Bedrooms & Bathroom Upstairs, Covered Backyard Patio, Professionally Landscaped Front & Backyard, Sparkling Play Pool, 2 Car Garage, Come Check It Out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Entrada

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Entrada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8701981

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,372
Property Tax -$236
Property Insurance -$77
HOA -$10
Property Management Fees -$99
CASH FLOW
$96

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.

$395,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.7%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$30,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,008

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,9994$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 6351 W Saddlehorn Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.74
    •  
  • 6326 W Buckskin Trail Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1998
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 7137 W Cottontail Lane Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2000
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.80
    •  
  • 25826 N 68th Avenue Peoria, AZ 4
    • 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 6427 W Cavedale Drive Phoenix, AZ 5
    • 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,547 Sqft ∙ Built 2004
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187435
Last Updated: 02/26/2021
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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