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

7451 S 30th Run Phoenix, AZ 85042

3 Beds 3 Baths 1,439 sqft Built 2007

$275,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $191.10
  • 4 Days on Market
  • MLS # : 6178138
  • Updated Date : 01/07/2021 at 21:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Enjoy this spacious 3Bd and 2.5 Bath, 1439 Sq Ft townhome that has all the right upgrades in all the right places. This home features Cherrywood cabinetry throughout, 2 tone paint, upgraded patio with new pavers/landscape lighting, a 2 car garage with epoxy floors, New water softener, New security door, and NO carpet. Spacious master bath with double vanity sinks, tile, and gardentub. The Gated Hunter Ridge community ammenities feature lush green belts, 2 pools , spas, multiple playgrounds, ramadas, BBQs, beach volleyball and much more. This home is well taken care of with many upgrades throughout, your buyer won't be disappointed. This corner N/S facing unit also faces the greenbelt with only 1 neighbor adjoining wall . This home shows a true pride of ownership, schedule your showing now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hunter Ridge Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $79k358k

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

Neighborhood: Hunter Ridge Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7831981

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$955
Property Tax -$179
Property Insurance -$55
HOA -$250
Property Management Fees -$99
CASH FLOW
-$58

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.

$275,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5954$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 7451 S 30th Run Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.03
    •  
  • 2836 E Donner Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 3136 E Donner Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2007
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 2960 E Darrow Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 2631 E Beverly Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
PROPERTY LISTING DETAILS
Robert Paul Vickers
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178138
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy