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1620 S 80th Drive Phoenix, AZ 85043

3 Beds 2 Baths 1,466 sqft Built 2003

$285,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $194.41
  • 2 Days on Market
  • MLS # : 6203390
  • Updated Date : 03/06/2021 at 03:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,466 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming 3 bedroom and 2 bath home with open floorplan. Split bedrooms with eco-friendly bamboo flooring. Tiled living areas. Open kitchen with beautiful modern cabinets, granite counters, with stainless steel appliances. Large island with extra storage, spacious pantry and modern lighting with dimmers. Master quarters offers a large bathroom with granite counter, split shower/tub, huge walk in closet and private toilet room. 2 exits to an extended covered patio and a big backyard shaded by mature low maintenance trees. This home is a must see, across from park, walk to school and move in ready!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cordova Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Cordova Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7671567

* 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
Sun Canyon Elementary School Primary Regular 605 31 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Sun Canyon Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 31
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$990
Property Tax -$165
Property Insurance -$56
HOA -$60
Property Management Fees -$99
CASH FLOW
-$219

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.

$285,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,198

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2003$1,3954$1,3955$1,549
$1,549
RENT COMPS ANALYSIS
  • 1620 S 80th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.78
    •  
  • 8137 W Globe Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 8310 W Watkins Street Tolleson, AZ 3
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 8330 W Watkins Street Tolleson, AZ 4
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 7639 W Riverside Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.86
    •  
PROPERTY LISTING DETAILS
Melissa Rivas
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203390
Last Updated: 03/06/2021
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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