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1213 W Stella Lane Phoenix, AZ 85013

5 Beds 3 Baths 3,035 sqft Built 2000

$615,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $202.64
  • 3 Days on Market
  • MLS # : 6155007
  • Updated Date : 11/06/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,035 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This luxury home is located in heart of Phoenix five bedrooms and 3 bath, bedroom downstairs, formal living room, family room, dining area, gourmet kitchen, eat in the kitchen, large size bedrooms, jack and jill bathroom, spacious master suite, walk in shower, private toilet, dual sink, loft, Three car garage. Large covered patio. Convenient to 51 FWY, shopping centers, Camelback Colonnade shopping mall, Biltmore Fashion Park. YOU MUST SEE!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palo Verde Greens

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k506k

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

Neighborhood: Palo Verde Greens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342544

* 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
Maryland Elementary School Primary Regular 899 48 2
Maryland Elementary School Middle Regular 899 48 2
Washington High School High Regular 1,714 73 4

Maryland Elementary School

  • Education Level: Primary
  • # of students: 899
  • # of teachers: 48
2
GreatSchools Rating

Maryland Elementary School

  • Education Level: Middle
  • # of students: 899
  • # of teachers: 48
2
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,269
Property Tax -$367
Property Insurance -$86
HOA -$50
Property Management Fees -$99
CASH FLOW
$59

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.

$615,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$51,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,106

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,9303$3,5004$3,575
$3,575
RENT COMPS ANALYSIS
  • 1213 W Stella Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,035 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,035 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.97
    •  
  • 813 E Ocotillo Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2004
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.73
    •  
  • 2109 W Missouri Avenue Phoenix, AZ 3
    • 6 beds 4 baths ∙ 3,022 Sqft ∙ Built 2016 6 beds 4 baths ∙ 3,022 Sqft ∙ Built 2016
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.16
    •  
  • 217 W Frier Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 1981 4 beds 3 baths ∙ 3,040 Sqft ∙ Built 1981
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $1.18
    •  
PROPERTY LISTING DETAILS
Rachel Yusupova
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155007
Last Updated: 11/06/2020
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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