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206 E Danbury Road Phoenix, AZ 85022

3 Beds 2 Baths 1,322 sqft Built 1984

$275,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $208.02
  • 3 Days on Market
  • MLS # : 6181580
  • Updated Date : 01/15/2021 at 21:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,322 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This cute 3 bedroom, 2 bathroom bungaloo has just been updated. The kitchen offers stainless steel oven/range, dishwasher and refrigerator. East-in kitchen overlooking front yard. The greatroom offers a woodburning fireplace and french door to covered patio. The 3 bedrooms have new carpet,. The interior and exterior has been painted 2021. Currently in process of painting exterior. Blue.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central Place North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Central Place North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9141567

* 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
Cactus View Elementary School Primary Regular 712 41 4
Cactus View Elementary School Middle Regular 712 41 4
North Canyon High School High Regular 1,957 86 4

Cactus View Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 41
4
GreatSchools Rating

Cactus View Elementary School

  • Education Level: Middle
  • # of students: 712
  • # of teachers: 41
4
GreatSchools Rating

North Canyon High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$955
Property Tax -$173
Property Insurance -$53
HOA -$101
Property Management Fees -$99
CASH FLOW
-$151

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.

$275,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,408

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
  • $1,335

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5004$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 206 E Danbury Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17017 N 12th Street #1084 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1996
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 17630 N 6th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1997
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 109 W Muriel Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 235 W Angela Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1995
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
PROPERTY LISTING DETAILS
Dawn Rajda
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181580
Last Updated: 01/15/2021
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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