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2538 E Bluefield Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,433 sqft Built 1985

$292,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $203.77
  • 3 Days on Market
  • MLS # : 6167865
  • Updated Date : 12/05/2020 at 17:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,433 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Highly upgraded 3 Bdrm unit in desirable Pepper Ridge Community. Just steps away from the greenbelt and community pools. Enter via the flagstone courtyard to an open plan with 4 skylights to bring in plenty of light to the home. Granite surfaces in the kitchen and both baths along with 18'' travertine tiles, plantation shutters and crown molding lend exceptional class throughout the home. Nest thermostat, security screens and doorbell add energy management and security. The Jacuzzi tub in the master provides relaxation at the end of the day. Kitchen with custom cabinets, walk-in pantry & breakfast bar that provides plenty of counter space! Custom storage in the garage complete the perfect package. Centrally located in North Phoenix and close to everything. A must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Campo Bello Elementary School Primary Regular 492 33 5
Campo Bello Elementary School Middle Regular 492 33 5
North Canyon High School High Regular 1,957 86 4

Campo Bello Elementary School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

Campo Bello Elementary School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 33
5
GreatSchools Rating

North Canyon High School

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

$262,800$321,200$292,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,077
Property Tax -$184
Property Insurance -$55
HOA -$74
Property Management Fees -$99
CASH FLOW
-$29

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.

$292,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,6253$1,6254$1,6355$1,695
$1,695
RENT COMPS ANALYSIS
  • 2538 E Bluefield Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.02
    •  
  • 2720 E Michelle Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1981
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.20
    •  
  • 2306 E Siesta Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.05
    •  
  • 2309 E Siesta Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $1.06
    •  
  • 19022 N 24 Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,476 Sqft ∙ Built 1997
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.15
    •  
PROPERTY LISTING DETAILS
Debra Lopez
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167865
Last Updated: 12/05/2020
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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