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11459 S Bannock Street Phoenix, AZ 85044

3 Beds 2 Baths 1,648 sqft Built 1980

$400,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $242.72
  • 4 Days on Market
  • MLS # : 6154447
  • Updated Date : 11/01/2020 at 10:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Real Estate Brokers Intl

Listing Agent's Description

Race Over! Homes this nice do not last long! A resort-like setting in the backyard includes a sparkling pool and spa perfect for entertaining. Later in the evening take the chill off as you gather around the fire pit sitting on the built-in bench and roast a marshmallow. The high end eye catching kitchen cabinets, kitchen island, gas stove, granite countertops, and wet bar really make this kitchen stand out! The Seller paid to have a gas tank buried to allow for the gas stove, gas heat and gas water heater. The neighborhood does not have gas this is a huge upgrade making this home extra special! The master suite has a direct view of the beautiful park-like setting in the backyard. It also has a large walk-in custom closet and beautiful master bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,476
Property Tax -$285
Property Insurance -$59
HOA -$2
Property Management Fees -$99
CASH FLOW
-$380

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.

$400,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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-$8.0k-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,301

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
  • $1,689

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,6994$1,8005$1,890
$1,890
RENT COMPS ANALYSIS
  • 11459 S Bannock Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4221 E Sequoia Trail Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,526 Sqft ∙ Built 1977
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 11844 S 45th Street Ahwatukee, AZ 3
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.94
    •  
  • 11820 S 44th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 3901 E Coconino Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1984
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.09
    •  
PROPERTY LISTING DETAILS
Charlie Walters
Real Estate Brokers Intl
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154447
Last Updated: 11/01/2020
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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