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1307 E Campbell Avenue Phoenix, AZ 85014

3 Beds 2 Baths 1,139 sqft Built 1935

$290,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1935
  • Price/Sqft : $254.61
  • 5 Days on Market
  • MLS # : 6155050
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,139 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

3 bedroom 2 bathroom with lots of updating! Interior has been recently painted. Kitchen was partially remodeled in the past 2 years. Huge lot with plenty of room to entertain featuring a rare diving pool for the area that has been resurfaced. Centrally located in Phoenix, this homes location is ideal. It is close to shopping, the airport and downtown right off of the 51.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $66k271k

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

Neighborhood: Meadowbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7751567

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
North High School High Regular 2,616 128 5

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$1,070
Property Tax -$208
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$207

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.

$290,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$5,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,281

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,199
1$1,1992$1,2203$1,4004$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 1307 E Campbell Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,139 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,139 Sqft ∙ Built 1935
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.07
    •  
  • 4491 N 21st Street #d Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1940
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $1.14
    •  
  • 208 W Glenrosa Avenue Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 1215 E Meadowbrook Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 4618 N 12th Place #mh Phoenix, AZ 5
    • 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,315 Sqft ∙ Built 1946
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
PROPERTY LISTING DETAILS
Phillip Shaver
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155050
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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