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7 E Piping Rock Road Phoenix, AZ 85022

3 Beds 2 Baths 1,847 sqft Built 1973

$430,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $232.81
  • 3 Days on Market
  • MLS # : 6184688
  • Updated Date : 02/13/2021 at 18:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,847 sqft
  • Baths : 1 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Looking for a quiet and friendly adult community? Do you want to be close to walking paths surrounded by mature trees, a community pool, and a golf club? This Hillcrest home is now available to residents ages 45 and up. The open floor plan offers wood-like plank tile floors, granite countertops, and crown molding throughout. Enjoy a private dip in your pool and relax under one the two covered patios. Furry friends will love the grassy area in the back with plenty of room to play. Come see why this desirable neighborhood is sought after by so many!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Hillcrest

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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,494
Property Tax -$257
Property Insurance -$63
HOA -$10
Property Management Fees -$99
CASH FLOW
-$202

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.

$430,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7503$1,7954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 7 E Piping Rock Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,847 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.93
    •  
  • 16 E Willow Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 13249 N 14th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 230 E Wood Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 817 W Coral Gables Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
PROPERTY LISTING DETAILS
Laura Moore
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184688
Last Updated: 02/13/2021
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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