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1624 E Campbell Avenue #47 Phoenix, AZ 85016

2 Beds 2 Baths 852 sqft Built 1973

$200,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $234.74
  • 2 Days on Market
  • MLS # : 6182030
  • Updated Date : 01/16/2021 at 18:49
CONSTRUCTION
  • Beds : 2
  • Floor Size : 852 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Fantastic opportunity to own this 2bed/2bath townhome in an excellent location. Steps from Starbucks, Trader Joes, Whole Foods, dining and easy access to the 51. Must see tastefully updated interior features wood plank tile flooring and an open concept floorplan, that is ideal for entertaining. Kitchen boasts stainless steel appliances, gas stove, stylish countertops, white cabinetry and a center island with breakfast bar seating. Master retreat includes private en suite with subway tiled shower. Enjoy relaxing on your private patio. It's the perfect place for enjoy your favorite beverage or a BBQ. Do not miss out on this gem. Schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Madison Park Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $60k271k

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

Neighborhood: Madison Park Gardens

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341828

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
North High School High Regular 2,616 128 5

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$180,000$220,000$200,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$695
Property Tax -$144
Property Insurance -$44
HOA -$205
Property Management Fees -$99
CASH FLOW
-$86

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.

$200,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,750

INVESTMENT

$58,750

Down Payment
$50,000
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,000
Loan Amount $150,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$4,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,091

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1003$1,1004$1,1505$1,150
$1,150
RENT COMPS ANALYSIS
  • 1624 E Campbell Avenue #47 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.29
    •  
  • 1718 E Campbell Avenue #25 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.17
    •  
  • 1622 E Campbell Avenue #t Phoenix, AZ 2
    • 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.29
    •  
  • 1622 E Campbell Avenue #i Phoenix, AZ 4
    • 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973 2 beds 2 baths ∙ 852 Sqft ∙ Built 1973
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.35
    •  
  • 1449 E Highland Avenue #16 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 879 Sqft ∙ Built 1983 2 beds 2 baths ∙ 879 Sqft ∙ Built 1983
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.31
    •  
PROPERTY LISTING DETAILS
Sela Dragan
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182030
Last Updated: 01/16/2021
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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