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12232 N Escobar Way Phoenix, AZ 85022

3 Beds 2 Baths 1,224 sqft Built 1966

$280,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $228.76
  • 2 Days on Market
  • MLS # : 6157741
  • Updated Date : 11/07/2020 at 13:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,224 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Quaint 3 bedroom, 2 bath home with nice sized bedrooms & 3.5 inch baseboards. Priced $12,000 below current appraisal!! Windows have all been upgraded to dual pane for maximum energy efficiency. Popcorn ceilings removed, updated ceiling fans in all rooms, attractive kitchen with newly installed stainless steel refrigerator & range, tiled decorative backsplash, painted cabinets, new brushed nickel hardware & open to living room. Walk-in pantry closet for extra storage. Updated light fixtures throughout. Travertine in living room, walkways & faux wood flooring in bedrooms. Bathrooms updated w/vanities. Walk-in master shower has travertine w/design. Master walk in closet. Newer two-toned paint on inside and freshly painted on outside, accented by decorative fence.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Cactus Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8631567

* 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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$1,033
Property Tax -$176
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$179

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.

$280,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,227

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1803$1,4954$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 12232 N Escobar Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,224 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.96
    •  
  • 13211 N 21st Place #9 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,104 Sqft ∙ Built 1985
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 2709 E Corrine Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1972
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 11415 N 16th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 1950
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 2202 E Marmora Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1961
    LEASED 06/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ronald Weiss
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157741
Last Updated: 11/07/2020
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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