Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2210 W Palo Verde Drive Phoenix, AZ 85015

4 Beds 2 Baths 1,741 sqft Built 1953

$291,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1953
  • Price/Sqft : $167.66
  • 3 Days on Market
  • MLS # : 6154929
  • Updated Date : 11/01/2020 at 18:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,741 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful 4 Bedroom Block Home in Established Neighborhood with HUGE Backyard!!! Backyard is aprox 1/4 Acre with storage shed. Perfect for any project and can park multiple cars with access to alley. Big open eat-in Kitchen with gas Range, Refrigerator, Dishwasher. Family Room has bay window seat, walk in Closet, with cozy Red Brick Fireplace that is Either Wood or gas Burning. 4 Bedrooms and 1.75 Bathrooms with plumbing for another 1/2 Bath off of Family room. Formal Living Room. This Home has Incredible Fixer upper Potential to turn it in to Wonderful Family Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Phillipine

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Phillipine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8461567

* 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
Westwood Primary School Primary Regular 933 42 3
Simpson School Middle Regular 831 28 2
Central High School High Regular 2,251 136 3

Westwood Primary School

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 42
3
GreatSchools Rating

Simpson School

  • Education Level: Middle
  • # of students: 831
  • # of teachers: 28
2
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$262,710$321,090$291,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,077
Property Tax -$160
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$63

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.

$291,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.0%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,104

INVESTMENT

$83,104

Down Payment
$72,975
Rehab Estimate
$5,750
Closing Costs
$4,379

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,975
Loan Amount $218,925
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,832

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
  • $1,593

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,3954$1,4955$1,695
$1,695
RENT COMPS ANALYSIS
  • 2210 W Palo Verde Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,741 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2012 W Solano Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 1725 W Marlette Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 1812 W Claremont Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 2041 W Georgia Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1951
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
PROPERTY LISTING DETAILS
Dorothy A Sosnicki
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154929
Last Updated: 11/01/2020
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.

BESbswy