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26518 N 51st Drive Phoenix, AZ 85083

4 Beds 3 Baths 3,002 sqft Built 2007

INVESTimate

$559,900

List Price

$2,080

$1,872 - $2,288

Rent Est.

$580,168  ( +3.62%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $186.51
  • 9 Days on Market
  • MLS # : 6119252
  • Updated Date : 08/18/2020 at 17:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,002 sqft
  • Baths : 3 full
Listing Agent

Arizona E Homes

Listing Agent's Description

Rarely available 4 bed single level on over sized cul de sac lot in popular Stetson Valley! Many recent upgrades in this home including a newer Trane HVAC system, newer hot water heater with recirculating pump, Extended pergola off back patio, newly installed turf, security screens, front yard camera system and more! Featuring a split bedroom floor plan with formal living/dining and extra large great room there is space for everyone in this home. The chef's kitchen offers double ovens, loads of upgraded cherry cabinets, and a cook top with a gas stub available. Step outdoors to a private lovely backyard with mountain views, plenty of room to add a pool if desired. A home like this is hard to come by, hurry to make your offer before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$503,910$615,890$559,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$2,066
Property Tax -$335
Property Insurance -$86
HOA -$73
Property Management Fees -$99
CASH FLOW
-$579

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.

$559,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.62%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,236

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0804$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 26518 N 51st Drive Phoenix, 3
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.69
    •  
  • 5111 W El Cortez Trail Phoenix, 1
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 5523 W Andrea Drive Phoenix, 2
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 5165 W Quail Track Drive Phoenix, 4
    • 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 25619 N 51st Drive Phoenix, 5
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kym Polanco
Arizona E Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119252
Last Updated: 08/18/2020
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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