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6608 W Desert Vista Trail Phoenix, AZ 85083

3 Beds 3 Baths 2,650 sqft Built 2005

$535,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $201.89
  • 3 Days on Market
  • MLS # : 6206093
  • Updated Date : 03/12/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,650 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome to this charming home nestled in the sought-after Legacy at Boulder Mountain community. Upon arrival you will notice the outstanding curb appeal and beautiful front entryway which will lead you into a gorgeous bright open split-floor plan with an abundance of natural sunlight. Centrally located office with custom shelving and French doors. Step into the warm and inviting family room with custom built-in entertainment center. The huge kitchen is a chefs dream with custom 42'' Mahogany wood cabinets, granite counter tops, stainless appliances, double ovens, glass cook-top, huge custom pantry with an abundance of storage, and a breakfast alcove with bay windows. The master suite is highlighted with a spacious bathroom with double sinks, separate Jacuzzi tub and shower.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Preserve at Boulder Mountain North

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k505k

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

Neighborhood: Preserve at Boulder Mountain North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342238

* 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
 

$481,500$588,500$535,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,858
Property Tax -$320
Property Insurance -$79
HOA -$69
Property Management Fees -$99
CASH FLOW
-$325

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.

$535,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.1%
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-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,140

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1003$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 6608 W Desert Vista Trail Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 6620 W Gambit Trail Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,602 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 6828 W Evergreen Terrace Peoria, AZ 3
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 2007
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 6123 W Gambit Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,530 Sqft ∙ Built 2002
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 5912 W Straight Arrow Lane Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Bret Burke
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206093
Last Updated: 03/12/2021
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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