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2225 E Sandra Terrace Phoenix, AZ 85022

3 Beds 2 Baths 1,492 sqft Built 1963

$310,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $207.77
  • 2 Days on Market
  • MLS # : 6174630
  • Updated Date : 12/26/2020 at 12:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Networth Realty Of Phoenix

Listing Agent's Description

Charming updated home with 3 bedrooms & 2 bathrooms. Lovely kitchen with white cabinets, granite counter tops & stainless steel appliances. Wood like plank flooring throughout main living areas. Faux beams in living room. Freshly painted interior & exterior. Large backyard with covered patio. Indoor laundry and washer & dryer are included. 2 car garage. Great north Phoenix location. Schedule your showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Paradise Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8641567

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,144
Property Tax -$195
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$44

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.

$310,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$19,056

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,450

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,250

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$999
1$9992$1,0003$1,1994$1,4505$1,475
$1,475
RENT COMPS ANALYSIS
  • 2225 E Sandra Terrace Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 2846 E Kathleen Road #101 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.77
    •  
  • 2827 E Le Marche Avenue #103 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,200 Sqft ∙ Built 1982
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.83
    •  
  • 2844 E Monte Cristo Avenue #101 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1982
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.92
    •  
  • 2433 E Karen Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1962
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.83
    •  
PROPERTY LISTING DETAILS
Gabriela Seabolt
Networth Realty Of Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174630
Last Updated: 12/26/2020
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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