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2201 W Behrend Drive Phoenix, AZ 85027

3 Beds 2 Baths 1,283 sqft Built 1980

$280,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $218.24
  • 2 Days on Market
  • MLS # : 6160577
  • Updated Date : 11/14/2020 at 10:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,283 sqft
  • Baths : 2 full
Listing Agent

Jk Realty

Listing Agent's Description

*Check this out!! Lovely home that is updated and in Move in Condition! *Great location and a breeze to go anywhere! *3 Bedrooms *2 Bathrooms *2 Car Garage *RV Parking= 63'X 9'9'' *RV GATE *No HOA *Spacious Great room *Bright Kitchen *Granite Counters *Newer Cabinets *Buffet area *Breakfast Bar *S/Steel Appliances Refrigerator stays! *Washer & Dryer stay! *Recessed lighting *Ceiling Fans *Tile *NEW Carpet in bedrooms-15 Year Warranty *NEW Glazed Tub in guest bathroom *Lg Master Suite *W/I Closet *Huge Tiled Shower! *Pool size backyard *Citrus Trees *Covered Patio & extended! *Grassy backyard *Shed *RV Gate for all your toys! *A/C only 6 years old! *Close to 101, I17, 51, Schools, Parks, Lake, Golf & Shopping!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$1,033
Property Tax -$168
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$152

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.

$280,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,596

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
  • $1,338

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4254$1,5755$1,625
$1,625
RENT COMPS ANALYSIS
  • 2201 W Behrend Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1621 W Wahalla Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.06
    •  
  • 1750 W Union Hills Drive #15 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,349 Sqft ∙ Built 2000
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.06
    •  
  • 1750 W Union Hills Drive #52 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2000
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.02
    •  
  • 19878 N 17th Lane Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1975
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tanya Grantham
Jk Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160577
Last Updated: 11/14/2020
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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