Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6629 W Roy Rogers Road Phoenix, AZ 85083

4 Beds 3 Baths 2,967 sqft Built 2018

$549,500

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $185.20
  • 4 Days on Market
  • MLS # : 6155853
  • Updated Date : 11/07/2020 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,967 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Start packing your bags, because the perfect home is right here! This beautiful home, part of the NexGen series, has a wide-open floorplan in calm shades of white and gray with upgrades throughout. The home is fully wired to take advantage of technological advances -- enjoy the surround sound and tell Alexa to turn the lights on and off, or raise and lower the blinds -- but she won't cook your dinner. The spacious kitchen features a large island with wine fridge, GE Monogram stainless steel appliances, and a gas range with grill. Large master suite with dual vanity, walk-in closet, large tub and seamless glass shower. The attached one-bedroom suite has a full kitchen and living area. The home also is equipped with solar panels to lower your electric bills!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

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

$494,550$604,450$549,500

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$2,027
Property Tax -$329
Property Insurance -$85
HOA -$93
Property Management Fees -$99
CASH FLOW
-$263

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$549,500

PROJECTED PRICE

$2,370

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,368

INVESTMENT

$151,368

Down Payment
$137,375
Rehab Estimate
$5,750
Closing Costs
$8,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,027

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,375
Loan Amount $412,125
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,638

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,381

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,3704$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 6629 W Roy Rogers Road Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,967 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.80
    •  
  • 29664 N 71st Lane Peoria, AZ 1
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2005
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.71
    •  
  • 5912 W Straight Arrow Lane Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,850 Sqft ∙ Built 2002
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
  • 6509 W Molly Lane Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,876 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 6421 W Lucia Drive Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Mead Summer
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155853
Last Updated: 11/07/2020
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.

BESbswy