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

11202 N 28th Street Phoenix, AZ 85028

4 Beds 2 Baths 2,010 sqft Built 1974

$549,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $273.58
  • 2 Days on Market
  • MLS # : 6174605
  • Updated Date : 12/26/2020 at 14:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,010 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome to your new home. 4-bedroom 2-bath conveniently located and thoughtfully upgraded with a modern flare. A gorgeous breakfast island w/ waterfall granite countertops highlight the kitchen area and open floor plan. Perfect for entertaining with a built-in wine chiller. The separate indoor laundry room and pantry are conveniently located just off the kitchen. New flooring throughout and two completely remodeled bathrooms with no expense spared. Large private backyard lot (future casita or pool) with mature citrus and mountain views with no neighbor to the south.Quick access to HWY 51 and walking distance to the mountain hiking / biking preserve entrances and numerous great restaurant's (Zipps, 32 Shea, Aioli Burger, Press Coffee & more); PV mall, Costco & Home Depot are minutes away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Desert Cove Elementary School Primary Regular 523 37 6
Desert Cove Elementary School Middle Regular 523 37 6
Shadow Mountain High School High Regular 1,390 67 3

Desert Cove Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Desert Cove Elementary School

  • Education Level: Middle
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$2,029
Property Tax -$346
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$431

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.

$549,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,207

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,251

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1103$2,1954$2,4195$2,500
$2,500
RENT COMPS ANALYSIS
  • 11202 N 28th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1974 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.05
    •  
  • 2606 E Yucca Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 10809 N 33rd Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,990 Sqft ∙ Built 1973
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
  • 2614 E Sahuaro Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,419
    • $1.26
    •  
  • 2318 E Cortez Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
PROPERTY LISTING DETAILS
Brian Cameron
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174605
Last Updated: 12/26/2020
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