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11815 S Blackfoot Drive Phoenix, AZ 85044

3 Beds 3 Baths 4,114 sqft Built 1989

$875,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $212.69
  • 6 Days on Market
  • MLS # : 6156906
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,114 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

No sign on property First time on market, original owner, priced for quick sale at current as/is condition - 3 newer HVAC units - home is in great shape, but dated, good layout - main bedroom and loft/office up stairs, beautiful wood floors - main floor is saltillo tile throughout, kitchen has granite counters - large back yard, fenced pool (pool has been empty and is in need of repair), it is a great value to get into the custom Equestrian Estates - home is very livable. It's got good *bones* and the WOW effect too! The moment you step inside your vision soars upwards to the fabulous wooden beamed ceiling. Absolutely stunning focal feature! Dual fireplace serves the great room and the pool table. Backs the equestrian trail

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 La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
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
 

$787,500$962,500$875,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$3,228
Property Tax -$631
Property Insurance -$107
HOA -$4
Property Management Fees -$99
CASH FLOW
-$789

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.

$875,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$237,625

INVESTMENT

$237,625

Down Payment
$218,750
Rehab Estimate
$5,750
Closing Costs
$13,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,228

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $218,750
Loan Amount $656,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,887

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,332

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,280
1$3,2802$3,500
$3,500
RENT COMPS ANALYSIS
  • 11815 S Blackfoot Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 4,114 Sqft ∙ Built 1989 3 beds 3 baths ∙ 4,114 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.80
    •  
  • 3721 E Kachina Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 1994 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 1994
    property image
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.81
    •  
PROPERTY LISTING DETAILS
Janine H. Brown
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156906
Last Updated: 11/13/2020
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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