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9443 S 44th Street Phoenix, AZ 85044

3 Beds 2 Baths 1,195 sqft Built 1984

$309,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $258.58
  • 2 Days on Market
  • MLS # : 6203328
  • Updated Date : 03/06/2021 at 00:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,195 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Nice 3 bedroom 2 bath home located on the east side of South Mountain close to hiking and biking trails. Home includes wood laminate flooring, dual pane windows, tiled fireplace and vaulted ceilings. Kitchen features island, pantry built in microwave, smooth top range and breakfast area. Master includes double sinks and large walk-in closet. Home is off of the Elliot/Warner Loop in Ahwatukee. Close to freeways, shopping, Phoenix, Tempe.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Ahwatukee Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,073
Property Tax -$220
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$53

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.

$309,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

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$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5503$1,6504$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 9443 S 44th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.16
    •  
  • 9405 S 45th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1985
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.30
    •  
  • 4805 E Kachina Trail #33 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1997
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 4246 E Jicarilla Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,272 Sqft ∙ Built 1977
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.30
    •  
  • 4337 E Vaughn Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 1984
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
PROPERTY LISTING DETAILS
Evan Anderson
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203328
Last Updated: 03/06/2021
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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