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829 E Rosemonte Drive Phoenix, AZ 85024

3 Beds 3 Baths 1,536 sqft Built 1992

$325,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $211.59
  • 5 Days on Market
  • MLS # : 6198277
  • Updated Date : 02/24/2021 at 20:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Prime North Phoenix Location! The immaculate house features 3 bedrooms and 2.5 baths. Painted in and out in neutral colors what makes the house really appealing in and out. White kitchen cabinets and Stainless steel appliances that convey with sale. Newer roof, garage door, and AC unit. Doors replaced few months ago. Very well taken care of the house with landscaped front and back yard. It is a must-see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fallbrook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Fallbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7911567

* 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 Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,129
Property Tax -$205
Property Insurance -$57
HOA -$53
Property Management Fees -$99
CASH FLOW
-$13

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.

$325,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$17,563

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
  • $1,605

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5453$1,6954$1,7805$1,845
$1,845
RENT COMPS ANALYSIS
  • 829 E Rosemonte Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,536 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 802 E Rosemonte Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1992
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
  • 513 E Wescott Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1987
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
  • 437 E Utopia Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.07
    •  
  • 526 E Utopia Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.10
    •  
PROPERTY LISTING DETAILS
Zak Gashi
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198277
Last Updated: 02/24/2021
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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