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1327 E Apollo Road Phoenix, AZ 85042

3 Beds 2 Baths 1,245 sqft Built 1999

$255,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $204.82
  • 2 Days on Market
  • MLS # : 6159730
  • Updated Date : 11/14/2020 at 11:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,245 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to your new home!!! This is an amazing property, ideal for first time home Buyer or to be used as an investment property. Only one proud Owner, who has keep the property in pristine condition. Recently painted interior/exterior, granite cabinets, partially remodeled bathroom, RV gate and a beautiful bar/grill area where you can spend your leisure time, cooking or just enjoying the peaceful surroundings.Very cozy and well maintain community.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591567

* 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
C.o. Greenfield School Primary Regular 581 33 3
C.o. Greenfield School Middle Regular 581 33 3
South Mountain High School High Regular 1,706 102 2

C.o. Greenfield School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

C.o. Greenfield School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

South Mountain High School

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

$229,500$280,500$255,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$941
Property Tax -$166
Property Insurance -$51
HOA -$48
Property Management Fees -$99
CASH FLOW
-$25

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.

$255,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,463

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,385

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,4254$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1327 E Apollo Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.03
    •  
  • 1710 E Greenway Circle Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1986
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 7211 S 8th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 1510 E Saint Anne Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 1521 E St Catherine Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2019
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
PROPERTY LISTING DETAILS
Dominique Fadon Tamayo
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159730
Last Updated: 11/14/2020
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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