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2617 E Nisbet Road Phoenix, AZ 85032

3 Beds 2 Baths 2,087 sqft Built 1980

$360,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $172.50
  • 4 Days on Market
  • MLS # : 6198846
  • Updated Date : 02/25/2021 at 17:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,087 sqft
  • Baths : 2 full
Listing Agent

Keys To Your Dreams Realty

Listing Agent's Description

Welcome home to this 3 bed, 2 bath, plus bonus room; office/den/4th bedroom home! Over 2,000 square ft, convenient location with NO HOA and a private backyard! Open concept kitchen, dining and living room. Kitchen includes granite counters, breakfast bar island, dual ovens with convection feature, and includes all of the kitchen appliances including the refrigerator. Large bonus room just off the living room with French doors and large North facing windows to the front yard. Primary bathroom includes a walk-in tile and glass shower along with a jacuzzi tub. Inlay design diagonal tile and French doors to both the bonus room and to your private backyard with an extended covered patio and concrete pad to enjoy your own private oasis. This home is waiting for you to make it your own!

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
Palomino Primary School Primary Regular 802 43 1
Greenway Middle School Middle Regular 518 26 2
North Canyon High School High Regular 1,957 86 4

Palomino Primary School

  • Education Level: Primary
  • # of students: 802
  • # of teachers: 43
1
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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,250
Property Tax -$231
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
$132

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.

$360,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.49%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$32,369

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
  • $1,977

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7004$1,8255$1,995
$1,995
RENT COMPS ANALYSIS
  • 2617 E Nisbet Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,087 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2451 E Blanche Drive Phoenix, AZ 2
    • 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
    •  
  • 2621 E Vista Drive Phoenix, AZ 3
    • 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
    •  
  • 15015 N 20th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
  • 2514 E Vista Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1970
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
PROPERTY LISTING DETAILS
Rachel Welin
Keys To Your Dreams Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198846
Last Updated: 02/25/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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