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1013 E Cheryl Drive Phoenix, AZ 85020

3 Beds 2 Baths 1,253 sqft Built 1973

$300,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $239.43
  • 5 Days on Market
  • MLS # : 6154085
  • Updated Date : 10/30/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,253 sqft
  • Baths : 2 full
Listing Agent

Good Company Real Estate

Listing Agent's Description

Don't miss out on this incredible opportunity to own this 3bed/2bath beautifully remodeled ranch style home in Gold Dust Heights. Charming curb appeal leads you into the light and bright interior featuring wood-look flooring, soothing neutral paint tones and a fluid open floor plan. Kitchen boasts brand new stainless steel appliances, subway tile backsplash and gorgeous shaker style cabinetry. Lovely master bedroom with ensuite. Step out onto the covered patio and enjoy the expansive backyard with amazing mountain views and new block wall. Ready for you to make it your own private oasis. Easy access to shopping, dining and schools! Don't let it get away!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gold Dust Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $82k358k

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

Neighborhood: Gold Dust Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9221981

* 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
Sunnyslope Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,107
Property Tax -$179
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$86

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.

$300,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,457

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2953$1,3504$1,3505$1,529
$1,529
RENT COMPS ANALYSIS
  • 1013 E Cheryl Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,253 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.08
    •  
  • 1328 E Christy Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.16
    •  
  • 1452 E Cinnabar Avenue #208 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1980
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.08
    •  
  • 1101 E Cochise Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 1173 E Cochise Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $1.28
    •  
PROPERTY LISTING DETAILS
Heather Honold
Good Company Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154085
Last Updated: 10/30/2020
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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