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7911 W Atlantis Way Phoenix, AZ 85043

5 Beds 4 Baths 2,975 sqft Built 2018

$515,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $173.11
  • 3 Days on Market
  • MLS # : 6199412
  • Updated Date : 02/26/2021 at 03:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,975 sqft
  • Baths : 3 full , 1 half
Listing Agent

Prosmart Realty

Listing Agent's Description

Your new home is waiting for you! This beautiful home with 4 beds, 3.5 baths + den is located in the peaceful and growing community of Tuscano in popular Phoenix. It offers a 4 car garage with an extended driveway for your toys. Inside you will find an open concept, perfectly flowing layout of nice size living with fireplace and dining area. Enjoy cooking in this spotless kitchen complete w SS appliances, cherry cabinetry, speckled granite countertops, pantry, and an island w/ breakfast bar. The master bedroom is just a delight to rest & relax with a bathroom that features a double-sink vanity and an oversized walk-in closet. Enjoy relaxing afternoons in your expansive backyard with a covered patio and tons of potential for customizing it any way you can imagine. Come take a look today

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuscano

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Tuscano

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
Tuscano Elementary School Primary Regular 719 34 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,789
Property Tax -$320
Property Insurance -$85
HOA -$67
Property Management Fees -$99
CASH FLOW
-$690

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.

$515,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,660
$1,660
RENT COMPS ANALYSIS
  • 7911 W Atlantis Way Phoenix, AZ 1
    • 5 beds 4 baths ∙ 2,975 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,975 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9013 W Kerby Avenue Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,912 Sqft ∙ Built 2007
    property image
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.57
    •  
  • 8505 W Watkins Street Tolleson, AZ 3
    • 5 beds 4 baths ∙ 2,670 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,670 Sqft ∙ Built 2002
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.62
    •  
PROPERTY LISTING DETAILS
Jade Pino
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199412
Last Updated: 02/26/2021
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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