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1264 E Acoma Drive Phoenix, AZ 85022

3 Beds 2 Baths 2,007 sqft Built 1983

$449,900

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $224.17
  • 3 Days on Market
  • MLS # : 6178642
  • Updated Date : 01/09/2021 at 04:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,007 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

PRIME MOUNTAIN PRESERVE VIEW LOT * FROM THE MOUNTAINS TO THE CITY LIGHTS, MAJESTIC VIEWS SURROUND THIS PROPERTY * NEUTRAL CARPET JUST INSTALLED * STONE FIREPLACE * VESSEL SINKS * GLASS BLOCK WINDOWS * LARGE BEDROOMS * COVERED PATIOS * SOOTHING JET TUB * PLUMBED FOR WET BAR * ENJOY THE VIEWS FROM THE PEBBLE TEC POOL & SPA * POOL PUMP REPLACED IN 2020 * BUILT-IN BARBECUE * LOW MAINTENANCE DESERT LANDSCAPING * UPDATED WATER HEATER * DON'T MISS THIS ONE * SEE IT TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Hillcrest East

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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,563
Property Tax -$310
Property Insurance -$66
HOA -$5
Property Management Fees -$99
CASH FLOW
-$123

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.

$449,900

PROJECTED PRICE

$1,920

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$15,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,766

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,7954$1,8255$1,920
$1,920
RENT COMPS ANALYSIS
  • 1264 E Acoma Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.96
    •  
  • 915 E Hearn Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1998
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 1742 E Winchcomb Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 13802 N 11th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 15015 N 20th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178642
Last Updated: 01/09/2021
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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