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2524 W Campbell Avenue Phoenix, AZ 85017

5 Beds 3 Baths 2,600 sqft Built 1964

$524,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $201.88
  • 2 Days on Market
  • MLS # : 6174611
  • Updated Date : 12/26/2020 at 11:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,600 sqft
  • Baths : 3 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Beautiful home that was completely remodeled with marble style flooring, modern bathrooms with big showers. stunning white kitchen with stainless steel appliances and a basement!. Theres also a GUEST HOUSE! It has a full white kitchen, 2 bedrooms, 1 bathroom and a laundry room. Great home to house hack! Lots of land for RV's and cars! close to freeway i-17 and near GCU.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Montebello School Primary Regular 1,387 50 2
Montebello School Middle Regular 1,387 50 2
Alhambra High School High Regular 2,770 139 3

Montebello School

  • Education Level: Primary
  • # of students: 1,387
  • # of teachers: 50
2
GreatSchools Rating

Montebello School

  • Education Level: Middle
  • # of students: 1,387
  • # of teachers: 50
2
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,937
Property Tax -$288
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$651

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.

$524,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$824

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
  • $2,115

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,0154$2,125
$2,125
RENT COMPS ANALYSIS
  • 2524 W Campbell Avenue Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 1964 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5138 N 20th Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 1953 4 beds 2 baths ∙ 2,351 Sqft ∙ Built 1953
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 3402 N 23rd Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,450 Sqft ∙ Built 1953 4 beds 2 baths ∙ 2,450 Sqft ∙ Built 1953
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.82
    •  
  • 2126 W San Miguel Avenue Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,498 Sqft ∙ Built 1953 5 beds 3 baths ∙ 2,498 Sqft ∙ Built 1953
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.85
    •  
PROPERTY LISTING DETAILS
John Paul Hernandez Mendoza
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174611
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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