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1512 W Dunlap Avenue Phoenix, AZ 85021

3 Beds 2 Baths 1,887 sqft Built 1959

$550,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $291.47
  • 2 Days on Market
  • MLS # : 6184890
  • Updated Date : 01/23/2021 at 06:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,887 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

STUNNING ranch-style home, fully renovated! This home is brand new from ceiling to floor. Kitchen was opened up to create a giant open concept with all new cabinets, quartz countertop, tasteful backsplash, a flat top cooking stove to entertain and all new appliances. Amazing commercial grade wood plank flooring, cozy carpeted bedrooms and fresh paint throughout the interior and exterior give the home a brand new look. Home was updated to give a more modern flow with better access from room to room. Tons of space for everyone with 2 living areas, a huge bonus-den room and all on a 1/4 acre lot. Backyard features a huge lighted workshop, a beautiful gazebo and waterfall pond overlooking mountain ranges. Bring your vehicles to this oversized 3 car garage with parking on the side and front

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Cox Village

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
Richard E. Miller Elementary School Primary Regular 569 26 4
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$495,000$605,000$550,000

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 -$1,910
Property Tax -$328
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$681

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.

$550,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$348

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
  • $1,901

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9504$1,9955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1512 W Dunlap Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8622 N 18th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 1970
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 8121 N 16th Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 1566 W Lawrence Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959 4 beds 3 baths ∙ 2,060 Sqft ∙ Built 1959
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 701 W Drey Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1947 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1947
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
PROPERTY LISTING DETAILS
Michael Escobedo
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184890
Last Updated: 01/23/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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