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6417 W Madre Del Oro Drive Phoenix, AZ 85083

4 Beds 3 Baths 2,141 sqft Built 2017

$459,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $214.39
  • 4 Days on Market
  • MLS # : 6162632
  • Updated Date : 11/19/2020 at 17:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,141 sqft
  • Baths : 3 full
Listing Agent

Arizona Best Real Estate

Listing Agent's Description

***RARE FIND!*** 4 BEDROOMS, 3 FULL BATHROOMS including CUSTOM BUILDER OPTION of the ON SUITE BEDROOM that HAS ITS OWN BATHROOM FOR GUEST PRIVACY all in a SINGLE LEVEL HOME with BEAUTIFUL MOUNTAIN VIEWS!!*** VERY LIGHT and BRIGHT GREATROOM/OPEN FLOORPLAN with the MASTER BEDROOM SPLIT FROM OTHERS. KITCHEN IS OPEN TO THE FAMILY ROOM with built in MEDIA NICHES FOR ENTERTAINMENT COMPONENTS, LARGE EAT IN CAFE AREA. KITCHEN has GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES and CATHEDRAL CUSTOM CABINETS. GAS COOK TOP. Home has TILE IN ALL AREAS except bedrooms, CEILING FANS. Master bedroom bathroom has LARGE WALK IN SHOWER. LARGE BACKYARD COVERED PATIO OVERLOOKS GREAT SIZE BACKYARD WITH STUNNING MOUNTAIN VIEWS! WASHER/GAS DRYER/REFRIGERATOR are INCLUDED**WATER SOFTENER!**

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,694
Property Tax -$275
Property Insurance -$69
HOA -$93
Property Management Fees -$99
CASH FLOW
-$439

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$459,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7903$1,8004$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 6417 W Madre Del Oro Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,141 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.84
    •  
  • 6826 W Morning Vista Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 28422 N 64th Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 6418 W Brookhart Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 29582 N 70th Avenue Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Richard Elton
Arizona Best Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162632
Last Updated: 11/19/2020
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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