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727 W Why Worry Lane Phoenix, AZ 85021

4 Beds 3 Baths 2,332 sqft Built 1960

$615,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $263.72
  • 4 Days on Market
  • MLS # : 6209278
  • Updated Date : 03/28/2021 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,332 sqft
  • Baths : 2 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

72 Hour Home Sale! Inquire now! Beautifully Remodeled home w/great curb appeal and NO HOA. This 4 bed, 2.5 bath home has an RV gate & lush green landscaping. A welcoming entrance leads you to a bright interior complete with plantation shutters, brick fireplace, laminate flooring throughout the entire house, & ceiling fans. The stunning eat-in kitchen features stainless steel appliances, granite counters, tile back-splash, recessed lighting, pantry, & plenty of gray & white cabinetry. Grand master retreat boasts a barn door & high-end en suite w/designer touches, Huge backyard with a covered patio, built-in BBQ, citrus trees, & room for a pool. Look no further! Don't miss out on this one! Contact CLA for showing info.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Orchid Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k551k

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

Neighborhood: Orchid Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342694

* 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
Richard E. Miller Elementary School Primary Regular 569 26 4
Sunnyslope High School High Regular 2,064 88 6

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,136
Property Tax -$304
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$412

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.

$615,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$8,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,180

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9953$2,0004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 727 W Why Worry Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1960 4 beds 3 baths ∙ 2,332 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1524 W Mission Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1959 3 beds 3 baths ∙ 2,200 Sqft ∙ Built 1959
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
  • 1566 W Lawrence Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 8735 N Drey Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1966 3 beds 2 baths ∙ 2,232 Sqft ∙ Built 1966
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 8020 N 17th Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,271 Sqft ∙ Built 1966
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
David Newman
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209278
Last Updated: 03/28/2021
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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