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219 E El Camino Drive Phoenix, AZ 85020

4 Beds 3 Baths 2,011 sqft Built 1956

$594,900

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1956
  • Price/Sqft : $295.82
  • 7 Days on Market
  • MLS # : 6144981
  • Updated Date : 11/02/2020 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,011 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

AMAZING opportunity to own an incredible real estate gem off Central Avenue within walking of some of Phoenix's most prestigious million-dollar homes. STUNNING mid-century ranch, completely remodeled. Expansive open concept, gourmet kitchen incorporating island, peninsula, counter bar, new cabinetry and appliances with quartz counter tops (waterfall). THREE full baths - two with double sinks, quartz countertops-all new tile, cabinetry, hardware throughout. FOUR great sized bedrooms including a master suite with huge walk in closet and fabulous bathroom. Yard completely redone with new irrigation system, sod, brick patio, surrounding an enormous dive pool. Property includes a one-car garage with additional off-street parking. Luxury living in booming downtown Phoenix within reach.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactilone Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Cactilone Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8931981

* 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
Desert View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$535,410$654,390$594,900

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$2,195
Property Tax -$355
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$685

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.

$594,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,399

INVESTMENT

$163,399

Down Payment
$148,725
Rehab Estimate
$5,750
Closing Costs
$8,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,725
Loan Amount $446,175
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,437

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
  • $2,187

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8753$2,0004$2,2955$2,500
$2,500
RENT COMPS ANALYSIS
  • 219 E El Camino Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 1956 4 beds 3 baths ∙ 2,011 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 806 E El Caminito Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
  • 8816 N 1st Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 1,875 Sqft ∙ Built 1939 5 beds 3 baths ∙ 1,875 Sqft ∙ Built 1939
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.07
    •  
  • 8008 N Central Avenue #9 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1965 3 beds 3 baths ∙ 1,974 Sqft ∙ Built 1965
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.16
    •  
  • 626 E Vista Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1960 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1960
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.16
    •  
PROPERTY LISTING DETAILS
Susan Smeland
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6144981
Last Updated: 11/02/2020
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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