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2712 E Highland Avenue Phoenix, AZ 85016

3 Beds 2 Baths 1,584 sqft Built 1956

$460,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $290.40
  • 2 Days on Market
  • MLS # : 6170189
  • Updated Date : 12/19/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Newly renovated home featuring brand new dimensional shingle roof, new kitchen with granite slab counters and stainless steel appliances, tasteful cabinetry and tiled back-splash. New exterior and interior paint. Bathrooms feature vanities with granite slabs and sinks, travertine flooring , new carpet in bedrooms. Home is currently leased on a month to month.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cavalier Campus

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Cavalier Campus

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
Madison Camelview Elementary School Primary Regular 689 33 4
Madison Park Middle School Middle Regular 423 22 4
Camelback High School High Regular 2,048 110 4

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

Madison Park Middle School

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 22
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,697
Property Tax -$331
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$95

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.

$460,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,192

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
  • $2,083

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,9504$2,2005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2712 E Highland Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3028 E Coolidge Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1955
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.10
    •  
  • 2838 E Avenida Olivos Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1975
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.29
    •  
  • 4730 N 24th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1961
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.28
    •  
  • 2617 E Campbell Avenue #7 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1961
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.59
    •  
PROPERTY LISTING DETAILS
Staci Smedstad
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170189
Last Updated: 12/19/2020
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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