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6549 W Cordes Road Phoenix, AZ 85043

4 Beds 3 Baths 2,406 sqft Built 2002

$336,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $140.02
  • 4 Days on Market
  • MLS # : 6162621
  • Updated Date : 11/21/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Make know mistake this is the nicest home on the Block and subdivision. All new updated 4 bedrooms 3 bathrooms 2 car garage and enough cement to park 3 cars in driveway plus pool and greenbelt behind you. Seller put all new flooring downstairs and some upstairs new paint and new pool equipment. Buyers will love upstairs balcony that overlooks pool beautiful greenbelt and mountains in the background. All stainless steel appliances including refrigerator fireplace this home truly feels like a home the minute you walk in. Backyard is awesome with bar and lots of finished cement for low maintenance all landscaped and designed for you to relax all day around your beautiful pool. Just Minutes away from 202 freeway you will love this location. show and sell shopping everywhere.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Kings Ridge School Primary Regular 381 17 5
Kings Ridge School Middle Regular 381 17 5
Betty Fairfax High School High Regular 1,903 104 3

Kings Ridge School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Kings Ridge School

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating
 

$303,210$370,590$336,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,243
Property Tax -$193
Property Insurance -$74
HOA -$12
Property Management Fees -$99
CASH FLOW
-$81

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.

$336,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$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$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,029

INVESTMENT

$95,029

Down Payment
$84,225
Rehab Estimate
$5,750
Closing Costs
$5,054

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,243

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,225
Loan Amount $252,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,047

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,5004$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 6549 W Cordes Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,406 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6512 W Toronto Way Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.72
    •  
  • 6431 W Whyman Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2001
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 7120 W Williams Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,366 Sqft ∙ Built 2006
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.68
    •  
  • 6325 W Miami Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.70
    •  
PROPERTY LISTING DETAILS
Fred Martin
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162621
Last Updated: 11/21/2020
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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