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1629 W Campbell Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,636 sqft Built 1949

$370,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $226.16
  • 2 Days on Market
  • MLS # : 6160198
  • Updated Date : 11/14/2020 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,636 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Back on Market and Better than Ever! New main electrical service plus a fully updated kitchen with great finishes, both bathrooms have been updated. The master has been reconfigured to have a huge walk in closet. The bonus room off the master suite is ideal for a den/office combo or any other use. All windows have been changed to double pane. The home is tiled in all areas with carpet in the den/office. The back yard has a large storage shed .

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bonnie Lea

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Bonnie Lea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7921567

* 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
Clarendon School Primary Regular 440 25 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Clarendon School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 25
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,365
Property Tax -$195
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$228

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.

$370,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,269

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,397
1$1,3972$1,4903$1,4954$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1629 W Campbell Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.91
    •  
  • 4544 N 15th Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,397
    • $0.88
    •  
  • 1629 W Hazelwood Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 1577 W Hazelwood Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 1716 W Devonshire Avenue Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Mark A Sumstine
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160198
Last Updated: 11/14/2020
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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