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1601 E Bluefield Avenue Phoenix, AZ 85022

3 Beds 3 Baths 1,958 sqft Built 1985

$415,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $211.95
  • 3 Days on Market
  • MLS # : 6176416
  • Updated Date : 01/08/2021 at 22:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Premium Elevated Cul-de-sac lot with stunning Mountain & City Views. Modern Newly remodeled 3 bed 2.5 baths home w/ a pool. Enter into the front door to the 2 story high living room. Kitchen is open to the family room. White & alder cabinets, granite counters, subway tile backsplash & newer upgraded stainless steel appliances. Pendant lighting over kitchen island w/ barstool seating. Family room has new sliding glass door wall that overlooks the backyard with panoramic views. Wood like tile flooring in all the traffic areas. Owner's suite is oversized w/ a walk-in closet & Barn door going into the bathroom. Dual sinks, quartz counters and walk-in shower. The balcony overlooks the backyard & has beautiful mountain & city views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cove at North Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Cove at North Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,441
Property Tax -$261
Property Insurance -$65
HOA -$8
Property Management Fees -$99
CASH FLOW
-$15

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.

$415,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$1.2M$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,952

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,850

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,8604$1,8955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1601 E Bluefield Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.95
    •  
  • 1333 E Charleston Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,849 Sqft ∙ Built 1995
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 1343 E Angela Drive Phoenix, AZ 2
    • 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
    •  
  • 17445 N 14th Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,852 Sqft ∙ Built 1994
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.02
    •  
  • 18223 N 16th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,093 Sqft ∙ Built 1987
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Rebekah Liperote
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176416
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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