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1216 E Chambers Street Phoenix, AZ 85040

3 Beds 2 Baths 1,331 sqft Built 2004

$279,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $209.62
  • 2 Days on Market
  • MLS # : 6203495
  • Updated Date : 03/06/2021 at 14:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,331 sqft
  • Baths : 2 full
Listing Agent

Go 4 Cash Flow

Listing Agent's Description

Fantastic single level home w/a custom palette, plush carpet, ceiling fans, & patio access from the dining area w/upgraded lighting. Center kitchen island, breakfast bar, SS appliances, pantry, beautiful tile floor, & handsome wood cabinets w/hardware. Perfect home for entertaining. Generous size bedrooms, ample closets, interior laundry room, & 2 pristine baths. Master retreat boasts a private en suite. Huge backyard w/a large patio & room for a pool! Nearby Shopping & Dining. Will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sagecrest

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $65k271k

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

Neighborhood: Sagecrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6971567

* 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
John F. Kennedy Elementary School Primary Regular 530 39 2
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 39
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$969
Property Tax -$181
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$63

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.

$279,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,622

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
  • $1,188

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,2494$1,3955$1,449
$1,449
RENT COMPS ANALYSIS
  • 1216 E Chambers Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1235 E Wood Street #b Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 2003
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.89
    •  
  • 2222 E Saint Anne Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,392 Sqft ∙ Built 2008
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.90
    •  
  • 1934 E Pueblo Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 1455 E Bloch Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,580 Sqft ∙ Built 2003
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.92
    •  
PROPERTY LISTING DETAILS
Teresa Perrine
Go 4 Cash Flow
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203495
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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