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2518 E Grandview Road Phoenix, AZ 85032

3 Beds 2 Baths 1,264 sqft Built 1985

$245,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $193.83
  • 4 Days on Market
  • MLS # : 6151290
  • Updated Date : 11/07/2020 at 11:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,264 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Brand-new remodeled kitchen, new cabinets, sink, countertops, stainless steel appliances, new siding, dual pain windows, lighting and beautiful master bedroom with a beautiful tile shower and a large walk in closet with tiles throughout, New roof, huge backyard and a new large patio cover, freshly painted inside and out. Don't miss out, come and see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lookout Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Lookout Mountain Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7181567

* 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
Palomino Intermediate School Primary Regular 499 25 2
Greenway Middle School Middle Regular 518 26 2
North Canyon High School High Regular 1,957 86 4

Palomino Intermediate School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 25
2
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

North Canyon High School

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

$220,500$269,500$245,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$904
Property Tax -$154
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$89

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.

$245,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,194

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0503$1,1204$1,3755$1,600
$1,600
RENT COMPS ANALYSIS
  • 2518 E Grandview Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.89
    •  
  • 16033 N 25th Street #107 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.89
    •  
  • 16033 N 25th Street #7 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2004
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.89
    •  
  • 16021 N 30th Street #103 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2001
    property image
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.96
    •  
  • 16615 N 23rd Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1996
    property image
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mark Markham
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151290
Last Updated: 11/07/2020
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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