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6505 S 4th Street Phoenix, AZ 85042

3 Beds 2 Baths 1,392 sqft Built 2019

$315,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $226.29
  • 1 Days on Market
  • MLS # : 6165467
  • Updated Date : 11/28/2020 at 17:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,392 sqft
  • Baths : 1 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Beautiful brand new single story home nestled in a gated community in South Phoenix. Family in the Midwest are bringing these owners to say goodbye to their sparkling desert home. However, they can't wait for the next homeowner to get the perks of a new build with no patience necessary. Both the front and expansive backyard have been landscaped with sprinklers, drip system and solar lights so no need to wait to enjoy the outdoors. Not only did they have professionally installed fans as well as a security and a doggy door, but all appliances are included in this energy efficient home. See complete list of features in document section.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
C.o. Greenfield School Primary Regular 581 33 3
C.o. Greenfield School Middle Regular 581 33 3
South Mountain High School High Regular 1,706 102 2

C.o. Greenfield School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

C.o. Greenfield School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,162
Property Tax -$205
Property Insurance -$54
HOA -$129
Property Management Fees -$99
CASH FLOW
-$199

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$315,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,475

INVESTMENT

$85,475

Down Payment
$78,750
Rehab Estimate
$2,000
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,041

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,455

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2993$1,3504$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 6505 S 4th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 7204 S 8th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 2004
    property image
    LEASED 06/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.11
    •  
  • 715 W Lydia Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 2004
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.96
    •  
  • 255 W Darrow Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2007
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 7211 S 8th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
PROPERTY LISTING DETAILS
Trevor Halpern
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165467
Last Updated: 11/28/2020
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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