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11318 W Meadowbrook Avenue Phoenix, AZ 85037

3 Beds 2 Baths 1,603 sqft Built 2006

$264,900

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.25
  • 3 Days on Market
  • MLS # : 6170473
  • Updated Date : 12/12/2020 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,603 sqft
  • Baths : 2 full
Listing Agent

Parker Realty Llc

Listing Agent's Description

Amazing investment or homeowner opportunity in Camelback Ranch! This amazing 3 Bedroom + Den, Corner Lot Home is move-in ready! Features include: Open floorplan, neutral flooring and paint, vaulted ceilings. Kitchen offers granite countertops, breakfast bar, and all stainless steel appliances convey! Den is a perfect 4th bedroom, kids playroom, or office! Picturesque backyard is perfect for entertaining with covered patio, easy care landscaping, and grassy area. LOCATION! Close to schools, shopping, and restaurants! Easy access to Hwy 101, Spring Training facilities, Westgate, and the Coyotes Hockey and Cardinal Football stadiums. Welcome Home!

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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$977
Property Tax -$164
Property Insurance -$58
HOA -$50
Property Management Fees -$99
CASH FLOW
-$79

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.

$264,900

PROJECTED PRICE

$1,270

PROJECTED RENT

0.48%

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$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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$12,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,278

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3994$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 11318 W Meadowbrook Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.79
    •  
  • 11114 W Turney Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1987
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 3833 N Rosewood Avenue Avondale, AZ 3
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1987
    property image
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.79
    •  
  • 11512 W Piccadilly Road Avondale, AZ 4
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1994
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 4003 N 113th Avenue Avondale, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Amy Parker
Parker Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170473
Last Updated: 12/12/2020
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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