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1801 E Stella Lane Phoenix, AZ 85016

5 Beds 4 Baths 3,770 sqft Built 1956

$749,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $198.67
  • 1 Days on Market
  • MLS # : 6168333
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,770 sqft
  • Baths : 3 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Hard to find North Central home with 3,770 SqFt, 5 bedrooms and 3.5 bathrooms. The versatile floor plan allows you to enjoy the home as one large home or in it's current configuration a 4 bedroom 2 bath main home with a 1 bedroom 1.5 bath guest house with separate entrance and private backyard. Perfect for multi-generation living or rent out the guest house to pay your mortgage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crown Heights South

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k525k

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

Neighborhood: Crown Heights South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342496

* 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 Heights Elementary School Primary Regular 538 30 8
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

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

$674,100$823,900$749,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$2,763
Property Tax -$538
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$79

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.

$749,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$59,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $4,279

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8953$4,500
$4,500
RENT COMPS ANALYSIS
  • 1801 E Stella Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,770 Sqft ∙ Built 1956 5 beds 4 baths ∙ 3,770 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2227 E Orangewood Avenue Phoenix, AZ 2
    • 5 beds 2 baths ∙ 3,603 Sqft ∙ Built 1973 5 beds 2 baths ∙ 3,603 Sqft ∙ Built 1973
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,895
    • $1.08
    •  
  • 6040 N 22nd Place Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,777 Sqft ∙ Built 1967 4 beds 3 baths ∙ 3,777 Sqft ∙ Built 1967
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.19
    •  
PROPERTY LISTING DETAILS
Erik Jensen
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168333
Last Updated: 12/05/2020
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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