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1920 E Bell Road #1111 Phoenix, AZ 85022

2 Beds 3 Baths 1,344 sqft Built 2007

$235,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $174.85
  • 3 Days on Market
  • MLS # : 6167716
  • Updated Date : 12/04/2020 at 11:05
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,344 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Move-in ready townhome with no neighbors above or below! Desirable end unit with a bright open floor plan. Step out and enjoy your morning beverage on the balcony, or the corner outdoor patio. Two master bedrooms with a small office on entry level, open concept great room/kitchen/dining area, and a powder room on the living level. This would make an awesome 1st home, or even a 2nd home or vacation rental! Excellent North Phoenix location just minutes from excellent shopping and dining, or Turf Paradise if you enjoy the horses! Easy access to the 101, 51, and I17. This one is going to go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkside Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $84k271k

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

Neighborhood: Parkside Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8241567

* 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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$867
Property Tax -$148
Property Insurance -$53
HOA -$200
Property Management Fees -$99
CASH FLOW
-$37

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.

$235,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,542

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,320

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2953$1,3304$1,3505$1,350
$1,350
RENT COMPS ANALYSIS
  • 1920 E Bell Road #1111 Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.99
    •  
  • 1920 E Bell Road #1143 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2007
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.95
    •  
  • 1920 E Bell Road #1015 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2006
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
  • 1920 E Bell Road #1013 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,326 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,326 Sqft ∙ Built 2006
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 1920 E Bell Road #1192 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,344 Sqft ∙ Built 2006
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
PROPERTY LISTING DETAILS
Veronica Estrada
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167716
Last Updated: 12/04/2020
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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