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1936 E Fellars Drive Phoenix, AZ 85022

4 Beds 3 Baths 2,084 sqft Built 1993

INVESTimate

$365,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$388,725  ( +6.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $175.14
  • 3 Days on Market
  • MLS # : 6121728
  • Updated Date : 08/23/2020 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,084 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Here it is!! A perfect family home in a quiet neighborhood located close to shopping and the 101 & 51 Freeways. This one owner home features an open floorplan with a large family room adjacent to the kitchen and living room. Chef's kitchen has a large island, stainless appliances, can lighting and granite counter tops. Vaulted ceilings in much of the lower level along with wood like flooring. The main bedroom has a vaulted ceiling with a tub, shower, double sinks and a spacious walk in closet. Interior is freshly painted. Low maintenance backyard with a sparkling pool, artificial turf and a covered patio. Epoxy flooring in the 2 car garage. This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k291k

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

Neighborhood: Greenway Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

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

$328,500$401,500$365,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,347
Property Tax -$230
Property Insurance -$68
HOA -$60
Property Management Fees -$99
CASH FLOW
-$133

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.

$365,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.50%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6753$1,7994$1,8255$1,900
$1,900
RENT COMPS ANALYSIS
  • 1936 E Fellars Drive Phoenix, 1
    • 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,084 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.80
    •  
  • 17643 N 17th Street Phoenix, 2
    • 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,967 Sqft ∙ Built 1997
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.85
    •  
  • 2140 E Kings Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.94
    •  
  • 15015 N 20th Place Phoenix, 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
  • 2239 E Edna Avenue Phoenix, 5
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ronald E Meronk
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121728
Last Updated: 08/23/2020
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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