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11028 W Pierson Street Phoenix, AZ 85037

3 Beds 3 Baths 1,889 sqft Built 2007

$299,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $158.76
  • 2 Days on Market
  • MLS # : 6176304
  • Updated Date : 01/02/2021 at 23:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,889 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

TERRIFIC 3 Bed/ 2.5 bath home in Phoenix Arizona! Beautiful move in ready home on a corner lot with NEW exterior paint. Wood/vinyl flooring throughout with neutral grey colored walls. Updated eat-in kitchen includes NEW GRANITE countertops, backsplash, NEW dual sink, faucet and ALL stainless steel appliances!! BRIGHT and SPACIOUS upstairs loft perfect for an office. Upstairs laundry room, ceiling fans and blinds throughout the home. HUGE master bedroom with a WALK IN CLOSET. Upstairs bathrooms includes shower/tub and NEW matching granite countertops. GREAT covered patio with PAVERS perfect for entertaining. Very close to shopping, freeways and a walking distance to Camelback Ranch Stadium!! COME SEE THIS HOME TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8391567

* 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
Copper King Elementary School Primary Regular 825 44 5
Copper King Elementary School Middle Regular 825 44 5
Westview High School High Regular 2,456 94 2

Copper King Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 44
5
GreatSchools Rating

Copper King Elementary School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 44
5
GreatSchools Rating

Westview High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,107
Property Tax -$185
Property Insurance -$64
HOA -$48
Property Management Fees -$99
CASH FLOW
-$33

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$299,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

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 $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,598

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
  • $1,488

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4504$1,5005$1,645
$1,645
RENT COMPS ANALYSIS
  • 11028 W Pierson Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11010 W Pierson Street Phoenix, AZ 2
    • 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
    •  
  • 4003 N 113th Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1995
    property image
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 11218 W Glenrosa Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,845 Sqft ∙ Built 1998
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 10950 W Pierson Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
PROPERTY LISTING DETAILS
Robert C Evans
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176304
Last Updated: 01/02/2021
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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