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2122 E Aire Libre Avenue Phoenix, AZ 85022

3 Beds 3 Baths 1,980 sqft Built 2016

$395,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $199.49
  • 3 Days on Market
  • MLS # : 6167485
  • Updated Date : 12/05/2020 at 10:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Look no further! This is it!! This beautiful home, located in North- Phoenix in a gated community is now on the market. Beautiful inside and out this gem offers 3 bedrooms, 2.5 baths a den/office, and large loft. Cool paint tones, attractive staggered kitchen cabinets, stainless steel appliances, stylish tile flooring downstairs and in upstairs bathrooms and laundry room. Den and half bath downstairs. Bedrooms and remaining bathrooms and laundry room upstairs. Spacious master, bath has dual sinks & separate tub & shower, walk in closet. Guest bath has dual sinks as well. Big lot with landscaped back yard with covered patio and pavers. An Open floor plan great for entertaining. Close access to both the 51 and 101 freeways. Short distance to grocery, restaurants, and entertainment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,457
Property Tax -$249
Property Insurance -$66
HOA -$99
Property Management Fees -$99
CASH FLOW
-$210

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.

$395,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7603$1,8004$1,8905$1,900
$1,900
RENT COMPS ANALYSIS
  • 2122 E Aire Libre Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,980 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.89
    •  
  • 1920 E Bell Road #1157 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,815 Sqft ∙ Built 2006
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 2130 E Aire Libre Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 2016
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 2140 E Kings Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
  • 2239 E Edna Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Araseli Bahena Morales
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167485
Last Updated: 12/05/2020
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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