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10028 W Sells Drive Phoenix, AZ 85037

3 Beds 2 Baths 1,240 sqft Built 1986

$264,900

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $213.63
  • 2 Days on Market
  • MLS # : 6160711
  • Updated Date : 11/14/2020 at 15:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Move-In Ready Home with Community POOL!! Located on a cul-de-sac lot. No neighbors behind you and beautiful lush green front yard is taken care of by the HOA! New flooring and ceiling fans throughout home. Updated kitchen has new quartz countertops and trendy backsplash also feature SS appliances. Freshly painted inside with neutral color. Extra living room/game room provides more space for entertaining more guests and family. You won't need to share your closet in the Master Bedroom as it has two closets! Full Master Bathroom as well. Upstairs also features a loft-like area to use as you like, perhaps an office area. Remodeled Bathrooms! The backyard has a covered patio and is awaiting your personal touches! Close to schools, Westgate Entertainment District, Sports Venues and Loop 10

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laurelwood at Villa de Paz

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Laurelwood at Villa de Paz

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Villa De Paz Elementary School Primary Regular 717 38 5
Villa De Paz Elementary School Middle Regular 717 38 5
Westview High School High Regular 2,456 94 2

Villa De Paz Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 38
5
GreatSchools Rating

Villa De Paz Elementary School

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 38
5
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$977
Property Tax -$164
Property Insurance -$51
HOA -$100
Property Management Fees -$99
CASH FLOW
-$312

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.

$264,900

PROJECTED PRICE

$1,080

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$552

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,080
$1,080
RENT COMPS ANALYSIS
  • 10028 W Sells Drive Phoenix, AZ
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.87
    •  
PROPERTY LISTING DETAILS
Raul Navarro
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160711
Last Updated: 11/14/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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