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1329 E Helena Drive Phoenix, AZ 85022

3 Beds 3 Baths 1,852 sqft Built 1994

$360,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $194.38
  • 5 Days on Market
  • MLS # : 6154151
  • Updated Date : 11/02/2020 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,852 sqft
  • Baths : 2 full , 1 half
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

First time available in over 17 years and just BEAUTIFULLY remodeled in 2020 with modern & fresh finishes. Designer wood floors, vintage style decorator tile and updated Kitchen & Baths. Soaring ceilings, freshly painted interior with no neighbor directly to the east makes this home exceptionally light and airy. Located on a cul-de-sac street with quick access to the subdivision's local park and steps from neighbor hood Turtle Rock Basin Park. Just over 1.5 miles to Lookout Mountain Preserve for hiking. All baths feature new designer vanities, toilets and mirrors. Kitchen with stone countertops. Master Suite with Lookout Mountain views! New light fixtures throughout. 6'x7' Bonus room off Laundry RM is not included in SF of home. Roof replaced in 2012; Close to Loop 101 and 51 FWY.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Candle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k286k

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

Neighborhood: Candle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,328
Property Tax -$227
Property Insurance -$63
HOA -$9
Property Management Fees -$99
CASH FLOW
-$7

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.

$360,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,339

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
  • $1,708

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,6754$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1329 E Helena Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1253 E Helena Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1334 E Helena Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1343 E Angela Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 17417 N 14th Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
PROPERTY LISTING DETAILS
Erika Willison
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154151
Last Updated: 11/02/2020
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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