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111 E Royal Palm Road Phoenix, AZ 85020

4 Beds 3 Baths 2,646 sqft Built 1956

$684,900

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $258.84
  • 3 Days on Market
  • MLS # : 6154738
  • Updated Date : 10/31/2020 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,646 sqft
  • Baths : 3 full
Listing Agent

Re/max Desert Showcase

Listing Agent's Description

Get ready to fall in love with this stunning property! Providing superb access to Central Phoenix businesses, sporting events and the Arts. This single story home boasts a well manicured landscaping with mature trees. Inside you will find a brick accented fireplace in living room, skylights, 4+ bed, 3 bath, and gorgeous office. Gourmet kitchen has large breakfast bar, mosaic back-splash, high-end appliances, Corian counter-tops, and cabinetry space. The main bedroom features private exit, walk-in closet, and beautiful en-suite bath. You may never want to leave the paradise style backyard offering sparkling blue pool, plethora of greenery, covered patio, and storage shed. You've found the home you longed for, hurry to schedule a showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cahall Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k444k

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

Neighborhood: Cahall Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342249

* 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
Richard E. Miller Elementary School Primary Regular 569 26 4
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

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

$616,410$753,390$684,900

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,527
Property Tax -$409
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
-$523

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.

$684,900

PROJECTED PRICE

$2,590

PROJECTED RENT

0.38%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,249

INVESTMENT

$187,249

Down Payment
$171,225
Rehab Estimate
$5,750
Closing Costs
$10,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,527

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $171,225
Loan Amount $513,675
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$9,534

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
  • $2,792

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2453$2,8954$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 111 E Royal Palm Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 604 E Orangewood Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,510 Sqft ∙ Built 1961 3 beds 2 baths ∙ 2,510 Sqft ∙ Built 1961
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.89
    •  
  • 215 W El Caminito Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1971
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.00
    •  
  • 7802 N 5th Avenue Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1974
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
  • 20 E Northview Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.18
    •  
PROPERTY LISTING DETAILS
Jeffrey L Milton
Re/max Desert Showcase
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154738
Last Updated: 10/31/2020
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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