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2257 E Vogel Avenue Phoenix, AZ 85028

4 Beds 4 Baths 3,703 sqft Built 1986

$900,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $243.05
  • 5 Days on Market
  • MLS # : 6168948
  • Updated Date : 12/12/2020 at 15:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,703 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

You can have it all! Custom home with stunning views of the Phoenix Mountain Preserve and yet minutes from Scottsdale and Biltmore areas. This expansive home is in a beautiful neighborhood and very close to mountain trails. Vaulted ceilings and wood beams will draw you in as soon as you enter the home. There is plenty of room for entertaining including a wet bar. Each bedroom has a full bathroom. You can get some work or studying done in the generous den/library. When you're ready to relax head out back to your swimming pool or perhaps coffee in your private courtyard. You can have it all!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Normsal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700kPrice in $91k736k

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

Neighborhood: Normsal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9343349

* 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
Mercury Mine Elementary School Primary Regular 546 27 8
Mercury Mine Elementary School Middle Regular 546 27 8
Shadow Mountain High School High Regular 1,390 67 3

Mercury Mine Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Mercury Mine Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$810,000$990,000$900,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,321
Property Tax -$567
Property Insurance -$99
HOA -$2
Property Management Fees -$99
CASH FLOW
-$467

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.

$900,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$24,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,938

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,6203$4,0004$5,000
$5,000
RENT COMPS ANALYSIS
  • 2257 E Vogel Avenue Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 1986 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $0.98
    •  
  • 1333 E Las Palmaritas Drive Phoenix, AZ 1
    • 3 beds 4 baths ∙ 3,406 Sqft ∙ Built 1983 3 beds 4 baths ∙ 3,406 Sqft ∙ Built 1983
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.88
    •  
  • 10002 N 23rd Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 3,782 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,782 Sqft ∙ Built 1981
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.06
    •  
  • 2040 E Vista Avenue Phoenix, AZ 4
    • 3 beds 4 baths ∙ 3,990 Sqft ∙ Built 1998 3 beds 4 baths ∙ 3,990 Sqft ∙ Built 1998
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Trish Sharkey
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168948
Last Updated: 12/12/2020
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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