Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10225 W Camelback Road #8 # 8 Phoenix, AZ 85037

3 Beds 3 Baths 1,837 sqft Built 2007

INVESTimate

$235,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$259,464  ( +10.41%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $127.93
  • 6 Days on Market
  • MLS # : 6120886
  • Updated Date : 08/25/2020 at 19:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jmc International

Listing Agent's Description

Beautiful 3 bed 2.5 bath 1837 sq ft. Garage has been converted into a possible 4th bedroom community has addition parking space available. Gated community steps from community pool. Easy access to freeway 101. Close to shopping centers Westgate, HOA fee includes sewer, trash, water, front yard landscaping. Look no further, Prefect home for the perfect price.No Showings at the moment Open house August 29 from 10 am to 4 pm

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$867
Property Tax -$157
Property Insurance -$63
HOA -$200
Property Management Fees -$99
CASH FLOW
-$56

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.

$235,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.41%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,442

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,4004$1,4955$1,513
$1,513
RENT COMPS ANALYSIS
  • 10225 W Camelback Road #8 Phoenix, 1
    • 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10310 W Luke Avenue Glendale, 2
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1997
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.82
    •  
  • 11010 W Pierson Street Phoenix, 3
    • 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2008
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 9918 W Madrugada Avenue Phoenix, 4
    • 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,942 Sqft ∙ Built 1994
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 5704 N 103rd Drive Glendale, 5
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1997
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,513
    • $0.81
    •  
PROPERTY LISTING DETAILS
Dalia I Garcia
Jmc International
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120886
Last Updated: 08/25/2020
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.

BESbswy