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2226 E Blanche Drive Phoenix, AZ 85022

4 Beds 2 Baths 1,601 sqft Built 1970

$359,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $224.80
  • 2 Days on Market
  • MLS # : 6163564
  • Updated Date : 11/21/2020 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,601 sqft
  • Baths : 2 full
Listing Agent

Deluxe Realty

Listing Agent's Description

Fantastic remodel don't miss out on this amazing home! This beautiful 4 bedroom 2 bath home is near the base of Lookout Mountain, close to the 101 and 51 for easy access around town. The house has been completely updated! Kitchen features granite countertops, tiled back splash, stainless steel appliances, grey cabinets and new fixtures. New tile in all the right places and new carpet in the bedrooms. Step out back your newly re-plastered pool. North south exposure.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Greenway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9101567

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,328
Property Tax -$227
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$382

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.

$359,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.37%

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

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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,012

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
  • $1,421

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,6504$1,6755$1,700
$1,700
RENT COMPS ANALYSIS
  • 2226 E Blanche Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,601 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2433 E Karen Drive Phoenix, AZ 2
    • 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
    •  
  • 2451 E Blanche Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 15855 N 18th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1980
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 2621 E Vista Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
PROPERTY LISTING DETAILS
Harold Kayser Iii
Deluxe Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163564
Last Updated: 11/21/2020
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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