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6622 E Marisa Lane Phoenix, AZ 85054

4 Beds 3 Baths 2,577 sqft Built 2019

$849,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $329.45
  • 4 Days on Market
  • MLS # : 6202259
  • Updated Date : 03/13/2021 at 20:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,577 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful home with all the trendy styles and a resort style backyard! Top notch upgrades including five burner gas cook top, SS appliances, large island with granite, breakfast bar, and wood like porcelain tile throughout. Everyone will love the amazing NEW POOL with Baja Shelf, built in BBQ, turf grass and outdoor entertaining area that you will love! 3 Car tandem garage for exrtra sstorage and a 240V outlet for the electric car! Gated community has heated pool/spa, pavilion area with grills to hang with friends, a playground and walking/biking paths for all. Conveniently located off the loop 101 near shopping & restaurants!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k417k

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

Neighborhood: Desert View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342582

* 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
Desert Shadows Middle School Middle Regular 906 34 9
Horizon High School High Regular 2,262 86 8
Desert Shadows Middle School Middle Unknown NA

Desert Shadows Middle School

  • Education Level: Middle
  • # of students: 906
  • # of teachers: 34
9
GreatSchools Rating

Horizon High School

  • Education Level: High
  • # of students: 2,262
  • # of teachers: 86
8
GreatSchools Rating

Desert Shadows Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$764,100$933,900$849,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$2,949
Property Tax -$535
Property Insurance -$77
HOA -$105
Property Management Fees -$99
CASH FLOW
-$55

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.

$849,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$230,735

INVESTMENT

$230,735

Down Payment
$212,250
Rehab Estimate
$5,750
Closing Costs
$12,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,949

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $212,250
Loan Amount $636,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$42,783

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.44

    LIST RENT PER SQFT
  • $3,724

    COMP ESTIMATED VALUE
  • $1.44

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,710
$3,710
RENT COMPS ANALYSIS
  • 6622 E Marisa Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,577 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.44
    •  
  • 6517 E Rose Marie Lane Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,460 Sqft ∙ Built 2019
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.38
    •  
  • 17656 N 77th Place Scottsdale, AZ 2
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2014
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Sharon Wisniewski
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202259
Last Updated: 03/13/2021
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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