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9035 W Reventon Drive Arizona City, AZ 85123

4 Beds 2 Baths 1,509 sqft Built 2006

$279,900

List Price

$1,030

$927 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $185.49
  • 3 Days on Market
  • MLS # : 6212283
  • Updated Date : 03/26/2021 at 13:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,509 sqft
  • Baths : 2 full
Listing Agent

Arizona Elite Properties

Listing Agent's Description

Set on a large lot with attractive desert landscape, this lovely home is immaculate and well maintained. New Solar Panels FULLY PAID by seller! Beautiful tile floors throughout with designer accents. Well equipped kitchen offers stainless appliances including new glass-top range with self/steam cleaning oven, convection + air-frying features. Private master Br in a split floor plan, has a beautifully updated en suite bath with step-in shower and surprisingly spacious walk-in closet. The front patio is north facing and sheltered from the street... a shady oasis to enjoy morning coffee or a quiet evening of stargazing. 2-car gar. is air conditioned and features workshop area with storage cabinets. RV gate accesses the big backyard with storage shed, fruit trees and full-length covered patio.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85123

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85123

ZipNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
Toltec Elementary School Primary Regular NA
Vista Grande High Regular 1,907 68 3

Toltec Elementary School

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

Vista Grande

  • Education Level: High
  • # of students: 1,907
  • # of teachers: 68
3
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$927$1,133$1,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,030
EXPENSES Loan Payment -$972
Property Tax -$164
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$262

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.

$279,900

PROJECTED PRICE

$1,030

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,030

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $976

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$800
1$8002$8953$9254$1,030
$1,030
RENT COMPS ANALYSIS
  • 9035 W Reventon Drive Arizona City, AZ 4
    • 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,030
    • $0.68
    •  
  • 15914 S Yava Road Arizona City, AZ 1
    • 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,234 Sqft ∙ Built 2006
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.65
    •  
  • 9072 W Oneida Drive Arizona City, AZ 2
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 2001
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.65
    •  
  • 8569 W Raven Drive Arizona City, AZ 3
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 2005
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.64
    •  
PROPERTY LISTING DETAILS
Bill Salvatore
Arizona Elite Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212283
Last Updated: 03/26/2021
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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