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2212 W Allen Street Phoenix, AZ 85041

5 Beds 4 Baths 3,192 sqft Built 2020

$669,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $209.59
  • 4 Days on Market
  • MLS # : 6206791
  • Updated Date : 03/18/2021 at 07:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,192 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

COMING SOON! This marvelous 5 bed/4 bath home includes 3 en-suite bedrooms, situated on a large corner lot is now ON THE MARKET! The light & bright interior features 14 ft. GREAT ROOM ceilings an open floor plan with a den that could be used as formal dining and sliding doors that allows you enjoy the benefits of the air flow when open. WIDE OPEN KITCHEN has a large quartz waterfall island for prep & breakfast bar, high-end appliances, pantry, and gorgeous cabinets. The ample master bath has a sliding BARN DOOR that opens to an ENSUITE BATH with dual sinks & large subway tiled shower. You'll love the HUGE backyard comprised of CARIBBEAN BLUE POOL, relaxing spa, green grass, and extended covered patio. Don't let this opportunity slip by! Don't wait over a year to build, MAKE AN OFFER TODAY

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
Cesar Chavez High School High Regular 2,575 131 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$2,324
Property Tax -$435
Property Insurance -$89
HOA -$140
Property Management Fees -$99
CASH FLOW
-$767

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$669,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

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$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,285

INVESTMENT

$179,285

Down Payment
$167,250
Rehab Estimate
$2,000
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$666

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
  • $2,256

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$2,3954$2,450
$2,450
RENT COMPS ANALYSIS
  • 2212 W Allen Street Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,192 Sqft ∙ Built 2020 5 beds 4 baths ∙ 3,192 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3427 W St Anne Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,212 Sqft ∙ Built 2007
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.54
    •  
  • 2917 W Fremont Road Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,946 Sqft ∙ Built 2003
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.81
    •  
  • 3332 W Burgess Lane Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,182 Sqft ∙ Built 2006
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.77
    •  
PROPERTY LISTING DETAILS
Martin C Sears
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206791
Last Updated: 03/18/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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