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6606 W Maya Way Phoenix, AZ 85083

4 Beds 3 Baths 2,456 sqft Built 2001

$432,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $175.90
  • 3 Days on Market
  • MLS # : 6193584
  • Updated Date : 02/12/2021 at 21:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,456 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Wow! This Is It! Beautiful 4 Bed, 2.5 Baths Home In Highly Desirable Gated Eagle Highlands North Community, Beautiful Mountain Views, Incredible Private Backyard. Dramatic Entry W/Soaring Vaulted Ceilings, Travertine Tile & Vinyl Wood Flooring, Open Kitchen w/ Granite Countertops, Lots Of Cabinet Space & Breakfast Bar. Fridge, Washer, Dryer, Downstairs Master Bedroom w/2 Sinks, Separate Tub & Shower, Spacious Walk-In Closet, Private Exit To Backyard. Upstairs Has 3 Beds & 1 Bath, One Room w/Built-In Desks & Shelves. Oversized Backyard Backed Up To Mountain w/Pool & Slide, Unobstructed Mountain Views It's The Perfect Outdoor Entertainment Area! Built In BBQ, Covered Patio, Gazebo & Synthetic Grass, Direct Access To Walking/Biking Trails, Near Schools & Shopping. Hurry This One Won't Last

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Highlands North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Eagle Highlands North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Sandra Day O'connor High School High Regular 2,481 108 6

Sandra Day O'connor High School

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

$388,800$475,200$432,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,501
Property Tax -$259
Property Insurance -$75
HOA -$72
Property Management Fees -$99
CASH FLOW
-$45

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.

$432,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$120,230

INVESTMENT

$120,230

Down Payment
$108,000
Rehab Estimate
$5,750
Closing Costs
$6,480

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,000
Loan Amount $324,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,989

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,960
1$1,9602$1,9753$2,1004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 6606 W Maya Way Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.80
    •  
  • 6620 W Gambit Trail Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 25826 N 68th Avenue Peoria, AZ 3
    • 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 4
    • 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
    •  
  • 6123 W Gambit Trail Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kyle Keller
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193584
Last Updated: 02/12/2021
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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