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116 E El Camino Drive Phoenix, AZ 85020

3 Beds 2 Baths 1,356 sqft Built 1956

$400,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $294.99
  • 3 Days on Market
  • MLS # : 6176257
  • Updated Date : 01/01/2021 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,356 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

WELCOME HOME to this 3 bedroom, 2 bath home in the highly desirable North Central Village subdivision. Enjoy family get-togethers in the large family room. Eat in kitchen has a new gas range. Lots of natural light through the large picture window in the living room. Outside separate structure for laundry which includes a utility sink. Close to shopping and highways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Central Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k385k

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

Neighborhood: North Central 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 View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
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
 

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

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,476
Property Tax -$239
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$337

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.

$400,000

PROJECTED PRICE

$1,530

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$200k$400k$600k$800k$1.0M$1.2M

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$1.2M

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

1.58

YEARS SAVED

$4,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,7004$1,7755$1,850
$1,850
RENT COMPS ANALYSIS
  • 116 E El Camino Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.13
    •  
  • 8434 N Central Avenue #b Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1974
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
  • 8404 N Central Avenue #c Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,434 Sqft ∙ Built 1974
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
  • 902 E Seldon Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1957
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.31
    •  
  • 1026 E Northern Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.25
    •  
PROPERTY LISTING DETAILS
Janice Wilembrecht
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176257
Last Updated: 01/01/2021
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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