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10225 W Camelback Road #48 Phoenix, AZ 85037

3 Beds 3 Baths 1,530 sqft Built 2013

$249,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $163.33
  • 5 Days on Market
  • MLS # : 6173544
  • Updated Date : 12/30/2020 at 21:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rethink Real Estate

Listing Agent's Description

Open Great Room plan with Kitchen Island, All Walk-in Closets and extra Storage. Quaint Gated Community with Pool, Jacuzzi, BBQ/Picnic area, and neighborhood 18-hole Golf Course. HOA pays water/sewer/garbage and front yard landscape maintenance.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Saratoga Springs Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Saratoga Springs Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7791567

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$922
Property Tax -$157
Property Insurance -$57
HOA -$200
Property Management Fees -$99
CASH FLOW
-$25

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.

$249,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.56%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,084

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,228

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,3003$1,3754$1,4105$1,513
$1,513
RENT COMPS ANALYSIS
  • 10225 W Camelback Road #48 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,530 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.92
    •  
  • 10435 W Pasadena Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.77
    •  
  • 11012 W College Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2010
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 10310 W Luke Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 5704 N 103rd Drive Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jay Patel
Rethink Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173544
Last Updated: 12/30/2020
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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