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3017 Alder Way
Phoenix, AZ 85032 · Single-family
- Price per
- $100
- (projected)
- 2.86%
- Independent
- $489,000
- Minimum
- $100
Fully funded. Shares become tradable 12 months after funding closes.
Projected figures are estimates and are not guaranteed. Investing involves risk, including loss of principal. Read the offering circular before investing.
The property
Two-story stucco home with a pool in north Phoenix, near the 51 freeway and Paradise Valley Mall redevelopment.
- Bedrooms
- 4
- Bathrooms
- 2.5
- Square feet
- 2,210
- Year built
- 2004
- Units
- 1
- Occupancy
- 100.0%
- Owner
- Cavisa Series 3017-ALDER-WAY LLC
- Debt
- None
Financials
- Gross yield
- 6.5%
- Cap rate
- 4.17%
- Net yield
- 2.86%
- Cash-on-cash
- 2.86%
| Gross rent (annual) | $31,800 |
|---|---|
| Vacancy allowance (5.0%) | ($1,590) |
| Property taxes | ($2,480) |
| Insurance | ($1,720) |
| Maintenance & repairs | ($2,300) |
| Other (HOA, admin) | ($900) |
| Property management (~8.0%, pass-through) | ($2,417) |
| Net operating income | $20,393 |
| Reserve contribution (5.0% of rent) | ($1,511) |
| Asset management fee (1.0% of value) | ($4,890) |
| Projected distributions (annual) | $13,993 |
Rent roll
| Unit | Beds/Baths | Rent / mo | Status | Lease ends |
|---|---|---|---|---|
| Main | 4 / 2.5 | $2,650 | Leased | 2027-05-31 |
Read the documents
D1 · Independent appraisal
Subject property D1.1
3017 Alder Way, Phoenix, AZ 85032. single family, 4 bedrooms, 2.5 baths, 2,210 sq ft, built 2004. Two-story stucco home with a pool in north Phoenix, near the 51 freeway and Paradise Valley Mall redevelopment.
Comparable sales D1.2
- Comp: 3104 E Larkspur Dr | $495,000 | 2026-03-28 | 2,250 sq ft | Similar, no pool - Comp: 2981 E Sandra Ter | $472,000 | 2026-06-09 | 2,100 sq ft | Smaller, older HVAC - Comp: 3320 E Wethersfield Rd | $510,000 | 2026-08-02 | 2,380 sq ft | Larger, remodeled
Income approach D1.3
Market rent is estimated at $2,650 per month across 1 unit, consistent with the current rent roll.
Reconciliation D1.4
The sales comparison approach is given the most weight. Final opinion of market value: $489,000, as of the effective date of this report.
D2 · Property inspection report
Roof D2.1
Roof covering is approximately 20 years old. Plan for replacement within five years.
HVAC D2.2
Primary heating and cooling equipment is approximately 11 years old. Operating normally at inspection.
Plumbing and electrical D2.3
Supply, drain and electrical systems functioned as intended.
Notable findings D2.4
Tile roof underlayment nearing end of life; pool equipment replaced 2024.
D3 · Lease summary
Current leases D3.1
- Main: 4 bed / 2.5 bath, $2,650 per month, lease ends 2027-05-31
Terms D3.2
Leases are 12 months with a security deposit equal to one month's rent. Tenants pay electricity and water. Pets are allowed with a deposit.
D4 · Offering circular (summary)
The offering D4.1
Cavisa Series 3017-ALDER-WAY LLC is offering membership interests ("shares") in a single property, 3017 Alder Way, Phoenix, AZ. Shares are priced at $100 each. The offering is made under Regulation A, Tier 2. Funds are held in escrow by the broker-dealer until the offering closes.
Use of proceeds D4.2
Proceeds acquire the property free of any mortgage, fund a reserve equal to 1% of the purchase price, and pay a 2.5% sourcing fee to the lister at closing.
Distributions D4.3
Net rental income is distributed monthly to shareholders of record after operating expenses, a reserve contribution of 5% of rent, and a 1% annual asset management fee. Distributions are not guaranteed and may be reduced or suspended.
Liquidity D4.4
Shares may be offered for sale to other investors only during scheduled Liquidity Windows, through a registered alternative trading system, at prices within a band around an approved reference price. There is no guarantee that a buyer will be found.
Risk factors D4.5
You could lose some or all of your investment. Property values can fall. Vacancies, repairs, insurance costs and property tax increases reduce income. Tile roof underlayment nearing end of life; pool equipment replaced 2024. AI-generated estimates may be inaccurate.
Taxes D4.6
Each shareholder receives a Schedule K-1 annually, typically by March 15.
AI insights
Underwriting
AI estimates are inputs, not prices. The independent appraisal and a two-person review set the reference price.
3017 Alder Way, Phoenix, AZ is a rental home in the Phoenix area, independently appraised at $489,000. After expenses, reserves and fees, the projected net yield is 2.9% a year, paid monthly. The biggest risk is condition: it was built in 2004, so repairs may cut into income. Values can fall, and selling depends on finding a buyer during a window.
Strengths
- Independent appraisal on file
- Fully leased today
Concerns
- Built in 2004; older systems need upkeep
- Shares sell only during quarterly windows
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Valuation range
Weighted two-thirds to the latest independent appraisal and one-third to the average of the comparable sales on file.
| Address | Sold | Sq ft |
|---|---|---|
| 3104 E Larkspur DrSimilar, no pool | $495,0002026-03-28 | 2,250 |
| 2981 E Sandra TerSmaller, older HVAC | $472,0002026-06-09 | 2,100 |
| 3320 E Wethersfield RdLarger, remodeled | $510,0002026-08-02 | 2,380 |
Sources:FD1.2
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
Value forecast · projected · shaded area is the
| Horizon | Low | Central | High |
|---|---|---|---|
| 1 yr | -0.8% | 3.0% | 6.8% |
| 3 yr | 1.9% | 9.3% | 16.6% |
| 5 yr | 5.8% | 15.9% | 26.1% |
- Home prices in the Phoenix area grow near their recent pace of about 3.0% a year.
- Rents keep pace with inflation and the property stays mostly leased.
- No major repairs beyond what the reserve fund covers.
Sources:F
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
- Market38
Local price growth and a 4.2% cap rate set how exposed value is to a slowdown.
- Tenant22
Every unit is leased today.
- Condition37
Built in 2004. Older systems mean more repair risk; see the inspection.
- Liquidity46
Shares can only be sold during quarterly windows, and only if a buyer matches.
- Leverage10
The property LLC carries no mortgage, so there is no lender ahead of investors.
Scores run 0 (lowest risk) to 100 (highest).
Generated by Cavisa mock model (no API key set) · Unreviewed · Not a guarantee or investment advice.
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