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2720 E Hillery Drive Phoenix, AZ 85032

4 Beds 3 Baths 2,637 sqft Built 1995

$475,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $180.13
  • 3 Days on Market
  • MLS # : 6193607
  • Updated Date : 02/12/2021 at 23:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,637 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Absolutely stunning single level home with lush landscaping and tall palm trees for excellent curb appeal. The eat-in kitchen incorporates endless cabinetry, center island with breakfast bar, wall oven, and tons of natural light. Other features include vaulted and 10ft ceilings, natural wood cabinetry throughout, charming family room fireplace, two new heat pumps and air handlers (2019), and a 3 car garage with service door. The master suite has a private patio exit, his and hers walk-in closets with Classy Closet built-ins, and a full bathroom with dual sinks, makeup vanity, stained glass partition, and a separate walk-in shower and tub. The North facing backyard has an extended covered patio, lush landscaping, green grass lawn, koi pond with water feature, brick walkways, lemon and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadow Mountain Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k564k

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

Neighborhood: Shadow Mountain Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342539

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,650
Property Tax -$357
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
$175

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.

$475,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$42,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,400

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3604$2,4005$2,725
$2,725
RENT COMPS ANALYSIS
  • 2720 E Hillery Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.89
    •  
  • 3844 E Kings Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 1996
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 1946 E Betty Elyse Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 15823 N 17th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 1720 E Kathleen Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jeffrey M Sibbach
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193607
Last Updated: 02/12/2021
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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