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2206 E Vista Bonita Drive Phoenix, AZ 85024

5 Beds 3 Baths 2,490 sqft Built 2001

$490,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $196.79
  • 1 Days on Market
  • MLS # : 6160608
  • Updated Date : 11/14/2020 at 19:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,490 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome to this North Phoenix Gem! Amazing family neighborhood. This home backs up to the mountains with a generous-sized backyard that offers it all! Five spacious bedrooms with two full bathrooms upstairs and a half bathroom downstairs. The master bedroom has a beautiful 180 degree view of the mountains and the pool. Enter this home which has a kitchen offering granite counters, off-white cabinets , and tons of natural light coming from generous windows all overlooking a resort style backyard with a sparkling pool, a beautiful green grass backyard and a gorgeous flowery side yard. Plenty of storage upstairs and downstairs, very big closets in every room with a very large pantry room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulder Creek at Desert Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Boulder Creek at Desert Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342064

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$441,000$539,000$490,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,808
Property Tax -$309
Property Insurance -$76
HOA -$15
Property Management Fees -$99
CASH FLOW
-$27

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.

$490,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$31,522

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
  • $2,521

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4453$2,5954$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2206 E Vista Bonita Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,490 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2439 E Dust Devil Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2007
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $1.06
    •  
  • 23003 N 20th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
  • 1834 E Patrick Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 23010 N 20th Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
PROPERTY LISTING DETAILS
Abhishek Srivastava
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160608
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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