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832 E Maddock Road Phoenix, AZ 85086

3 Beds 2 Baths 1,820 sqft Built 2005

$720,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $395.60
  • 19 Days on Market
  • MLS # : 6255801
  • Updated Date : 07/13/2021 at 19:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Rare and Unique Opportunity on this Custom Built Single Family Home, Completed with its own 3,600 square foot Garage Warehouse. Sitting on ~1.25 Acres, this property has a Convenient, Centrally located within Desert Hills. Newer Construction Split-Floorplan Home has been recently repainted and features extensive upgraded cabinetry in Kitchen and Laundry Room/Mud Room. Oversized Bedrooms and an abundance of windows to take advantage of the rolling hills and mountain preserve to the North. The Commercial Quality Custom built Warehouse features full insulation, 2 separate storage spaces, each with their own Roll up Doors(RV&Standard!) are separated by a kitchenette and full bathroom. It even has its own dedicated Septic Tank. This is an ideal residence/work or hobby for the pickiest of buyers

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PRICE & RENT TRENDS

Neighborhood: New River Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k394k

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

Neighborhood: New River Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342626

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$648,000$792,000$720,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,501
Property Tax -$561
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$993

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.

$720,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$196,550

INVESTMENT

$196,550

Down Payment
$180,000
Rehab Estimate
$5,750
Closing Costs
$10,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,501

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $180,000
Loan Amount $540,000
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$88

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
  • $1,893

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,995
$1,995
RENT COMPS ANALYSIS
  • 832 E Maddock Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1033 E Irvine Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1995
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.06
    •  
  • 1641 W Maddock Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
David C Tucker
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6255801
Last Updated: 07/13/2021
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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