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1835 W Behrend Drive Phoenix, AZ 85027

3 Beds 1 Baths 1,008 sqft Built 1973

$289,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $286.71
  • 3 Days on Market
  • MLS # : 6178432
  • Updated Date : 01/08/2021 at 20:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

COMPLETELY remodeled single level, 3 bedroom home on an oversized lot. Everything in this home has been upgraded: NEW: ROOF in 2019 (warranty included), A/C and duction (2020), Water Heater , Wiring and electrical panel (permitted), Shaker White cabinets, Stainless steel appliances (REFRIGERATOR INCLUDED), all new wood look tile at common areas, newly installed carpeting, tile backsplash, fresh interior/exterior paint, quartz countertops, NEW: interior doors, sinks, fixtures, lighting, hardware, plugs/switches, mirrors, window coverings and the list goes on. All of this and NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tonto Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Tonto Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6851567

* 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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$1,004
Property Tax -$173
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$123

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.

$289,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,418

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,089

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,3953$1,3994$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 1835 W Behrend Drive Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.19
    •  
  • 1301 W Mohawk Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1985
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 1621 W Wahalla Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.06
    •  
  • 1708 W Behrend Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 1547 W Kerry Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1976
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael Parker Sims
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178432
Last Updated: 01/08/2021
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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