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1616 E Calle Santa Cruz -- Phoenix, AZ 85022

4 Beds 3 Baths 2,248 sqft Built 1972

$590,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $262.46
  • 2 Days on Market
  • MLS # : 6157853
  • Updated Date : 11/07/2020 at 17:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,248 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

AMAZING CITY LIGHTS AND MOUNTAIN VIEWS! 4 Bedrooms 3 bath Home recently remodeled, over 21,000 square feet lot, two tone paint, new kitchen, Large kitchen Island, new tile, new lights and ceiling fans, recently remodeled bathrooms, new doors, new dual pane windows, new interior drywall and texture, only minutes from central Phoenix.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montclair Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k370k

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

Neighborhood: Montclair Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341784

* 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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$2,177
Property Tax -$372
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$788

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.

$590,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.33%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$417

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,7954$1,8255$1,930
$1,930
RENT COMPS ANALYSIS
  • 1616 E Calle Santa Cruz -- Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,248 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.86
    •  
  • 1740 E Camino Del Santo -- Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1974
    property image
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 1742 E Winchcomb Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 13802 N 11th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 15015 N 20th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
PROPERTY LISTING DETAILS
Martin Alvarez
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157853
Last Updated: 11/07/2020
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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