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2150 E Bell Road #1117 Phoenix, AZ 85022

3 Beds 3 Baths 1,439 sqft Built 2005

$249,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $173.66
  • 6 Days on Market
  • MLS # : 6153451
  • Updated Date : 10/29/2020 at 14:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This townhouse won't last ! Located in a gated community in North Phoenix, this condo has everything you've been looking for. It has an open floor plan and vaulted ceilings with lots of storage in the kitchen. Three spacious bedrooms, 2.5 bath, with a 2 car garage, large rooms and walk in closets and a great location make this the perfect home. High ceilings in every room with ceiling fans and a large patio / backyard area make this condo feel much larger than it is. Very well maintained and clean. Close to work, restaurants, freeways! Condo is in the back of the community so there is very little noise and traffic. This community is quiet, clean and has a community pool for those hot summer days. Come see it today! This condo will sell fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tre Bellavia Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Tre Bellavia Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7581567

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$922
Property Tax -$157
Property Insurance -$55
HOA -$122
Property Management Fees -$99
CASH FLOW
$74

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.

$249,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$23,579

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
  • $1,432

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,4504$1,5455$1,545
$1,545
RENT COMPS ANALYSIS
  • 2150 E Bell Road #1117 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1920 E Bell Road #1037 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 2006
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 17150 N 23rd Street #147 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 17223 N Cave Creek Road #1 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
  • 17223 N Cave Creek Road #18 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2008
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
PROPERTY LISTING DETAILS
Alissa Ruof
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153451
Last Updated: 10/29/2020
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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