3326 W SHUMWAY FARM Road
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Nearby Schools
Educational options and performance ratings in the area.
Bernard Black Elementary School
Cesar Chavez High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
At a $371,500 valuation with a gross rental yield of just 4.7%, this Phoenix property is a marginal performer from a cash flow perspective. After accounting for property taxes, insurance, a 10% maintenance/CAPEX reserve, and a 5% vacancy rate, the projected Net Operating Income (NOI) likely results in a cap rate below 3%. This creates a high probability of negative cash flow if financed at current interest rates. While the 4% appreciation is a positive driver, a conservative analyst must view this primarily as a speculative appreciation play rather than a stable income-producing asset, as the safety margin against market volatility is extremely thin.
- • Desirable 4-bedroom configuration for family tenants
- • Strong historical appreciation in the Phoenix metro area
- • Lower maintenance risk associated with standard single-family builds
- • Gross rental yield is insufficient to cover debt service and operating expenses
- • High sensitivity to property tax adjustments and rising insurance premiums
- • Low entry cap rate provides no cushion for market corrections
- • Phoenix market inventory levels may pressure rent growth in the short term
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-15 | Listed for sale | $371,500 | $251 |
| 2024-01-23 | Listing removed | $362,900 | $245 |
| 2023-10-12 | Listing removed | $0 | – |
| 2023-09-25 | Price change | $1,695 | $1 |
| 2023-08-23 | Listed for rent | $1,895 | $1 |
| 2023-01-23 | Listing removed | $362,900 | $245 |
| 2023-01-19 | Listing removed | $0 | – |
| 2023-01-06 | Listed for sale | $362,900 | $245 |
| 2022-12-28 | Price change | $1,895 | $1 |
| 2022-12-22 | Listed for rent | $1,950 | $1 |
| 2022-12-21 | Listing removed | $0 | – |
| 2022-12-07 | Listed for rent | $1,995 | $1 |
| 2003-03-13 | Sold | $117,100 | $79 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,636.68 | $28,220 |
| 2024 | $1,594.54 | $30,160 |
| 2023 | $1,549.18 | $9,846 |
| 2022 | $1,518.06 | $18,750 |
| 2021 | $1,529.94 | $17,480 |
| 2020 | $1,480.48 | $15,470 |
| 2019 | $1,440.64 | $14,060 |
| 2018 | $1,440.64 | $13,030 |
| 2017 | $1,373.06 | $11,580 |
| 2016 | $1,229.2 | $10,210 |
| 2015 | $1,171.06 | $9,680 |
| 2014 | $0 | $6,970 |
| 2013 | $0 | $5,770 |
| 2012 | $0 | $6,350 |
| 2011 | $0 | $7,850 |
| 2010 | $0 | $10,430 |
| 2009 | $0 | $16,310 |
| 2008 | $0 | $19,450 |
| 2007 | $0 | $15,300 |
| 2006 | $0 | $10,400 |
| 2005 | $0 | $10,400 |
| 2004 | $0 | $3,040 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $15,813/yr
On $85,445 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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