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1545 W Blaylock Drive Phoenix, AZ 85085

5 Beds 4 Baths 3,052 sqft Built 2012

$649,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $212.65
  • 4 Days on Market
  • MLS # : 6159587
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,052 sqft
  • Baths : 4 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Spacious home in the highly sought after master planned community of Fireside at Norterra. Plank tile floors & soaring ceilings greet you. Plantation Shutters and soft color palette throughout. Spacious open floor plan with large office. The stunning kitchen has custom cabinets, gorgeous granite counters, island w/breakfast bar seating, top of the line SS appliances, walk-in pantry. The family room has built-in niches and fireplace. Downstairs master has full bath and walk-in closet. Mother-in-law suite downstairs. Large loft area has many possibilities! Generous sized bedrooms. The backyard is an entertainer's delight with a brick paver patio, built-in BBQ, firepit/conversation area and green grass. Fireside amenities include state of the art community center, gym, tennis, pools & more

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Norterra Canyon School Primary Regular 1,164 59 8
Norterra Canyon School Middle Regular 1,164 59 8
Barry Goldwater High School High Regular 1,856 88 4

Norterra Canyon School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Norterra Canyon School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,395
Property Tax -$388
Property Insurance -$87
HOA -$44
Property Management Fees -$99
CASH FLOW
-$393

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.

$649,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,395

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$14,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,579

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4984$2,6205$2,800
$2,800
RENT COMPS ANALYSIS
  • 1545 W Blaylock Drive Phoenix, AZ 4
    • 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,052 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.86
    •  
  • 28008 N 18th Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2006
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.83
    •  
  • 2244 W Spur Drive Phoenix, AZ 2
    • 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,061 Sqft ∙ Built 2005
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
  • 1651 W Cavedale Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2012 5 beds 4 baths ∙ 2,909 Sqft ∙ Built 2012
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,498
    • $0.86
    •  
  • 2016 W Spur Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2007
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.91
    •  
PROPERTY LISTING DETAILS
Shelley Sakala
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159587
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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