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1830 E Ellis Street 
Phoenix, AZ
85042
3 Beds 3 Baths 1,907 sqft
Built 2002
INVESTimate
$285,000
List Price
$81,275
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $149.45
- 2 Days on Market
- MLS # : 6122198
- Updated Date : 08/24/2020 at 21:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,907 sqft
- Baths : 2 full , 1 half
Listing Agent
A & M Management Of Arizona
Listing Agent's Description
Upgraded home available for sale in the Cobblestone gated community of Phoenix. Upgrades include granite countertops and cabinets, stainless steel appliance, tile and wood flooring throughout. Kitchen opens to the Dining and Family! Located next to the park.
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PRICE & RENT TRENDS
Neighborhood: Cobblestone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cobblestone
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$185 | |
| Property Insurance | -$64 | |
| HOA | -$152 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$8
|
||
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
$1,560
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
5.42
YEARS SAVED
$18,988
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
-
$1,669
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1830 E Ellis Street Phoenix, 1
- 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,907 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1808 E Dunbar Drive Phoenix, 2
- 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 2003
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,495
- $0.84
-
1805 E Beverly Road Phoenix, 3
- 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2003
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
1835 E Dunbar Drive Phoenix, 4
- 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2003
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
1918 E Vineyard Road Phoenix, 5
- 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1999
LEASED 08/09/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
PROPERTY LISTING DETAILS
A & M Management Of Arizona
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122198
Last Updated: 08/24/2020
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.
