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1831 E Hazelwood Street Phoenix, AZ 85016

4 Beds 2 Baths 1,969 sqft Built 1956

$569,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $288.98
  • 2 Days on Market
  • MLS # : 6163140
  • Updated Date : 11/20/2020 at 21:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,969 sqft
  • Baths : 2 full
Listing Agent

The Brokery

Listing Agent's Description

Located on a quiet street, in a highly desirable neighborhood, adjacent to Camelback Colonnade and Town & Country Plaza, this updated ranch home is ready for move in and will not last long! With 4 bedrooms, 2 bathrooms, quality finishes, oversized laundry/storage room and a spacious 2 car carport, this charmer offers it all. Inviting windows framed with plantation shutters bring plenty of natural light into the open living area. The gourmet kitchen features custom shaker-style wood cabinetry, stainless appliances, gas cooktop, and granite slab countertops. The relaxing backyard sanctuary embodies the quintessential Arizona ranch home feel - a covered patio with built-in fans and lighting, lush green grass, and a sparkling pool for pure relaxation.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k357k

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

Neighborhood: Highland Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342107

* 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
 

$512,100$625,900$569,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,099
Property Tax -$409
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$523

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.

$569,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$2,0003$2,1504$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1831 E Hazelwood Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 1815 E Minnezona Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1955
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.91
    •  
  • 2215 E Heatherbrae Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 1749 E Medlock Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.31
    •  
  • 2201 E Glenrosa Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1950
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.25
    •  
PROPERTY LISTING DETAILS
Tucker Blalock
The Brokery
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163140
Last Updated: 11/20/2020
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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