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2806 E Angela Drive Phoenix, AZ 85032

4 Beds 3 Baths 2,504 sqft Built 2016

$599,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $239.58
  • 4 Days on Market
  • MLS # : 6183804
  • Updated Date : 01/23/2021 at 00:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 3 full
Listing Agent

North & Co

Listing Agent's Description

SEE THIS ONE FIRST! JUST LISTED! Stunning 2016 semi-custom home in prime North Phoenix location. This home has everything your buyer is looking for; 4 large bedrooms, 3 full baths, 3 car garage, 2 RV Gates, NO HOA, large storage shed, upgraded iron security doors, plenty of cabinet space, and large kitchen island. Enjoy your backyard oasis, with lush landscaping, turf, Frog hot tub, pergola, water feature, and brick pavers. Located with easy access to the 51 and 101 freeway, and Desert Ridge Shopping Center.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Campo Bello

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Campo Bello

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Paradise Valley High School High Regular 1,806 99 5

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

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$2,084
Property Tax -$378
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$586

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.

$599,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,254

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$1,9983$2,0504$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 2806 E Angela Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.82
    •  
  • 18611 N 22nd Street #61 Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.81
    •  
  • 19226 N Cave Creek Road #112 Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,170 Sqft ∙ Built 2008
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $0.92
    •  
  • 2729 E Shady Glen Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,424 Sqft ∙ Built 2007
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
  • 17640 N 17th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2000
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.96
    •  
PROPERTY LISTING DETAILS
Nicholas Mowery
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183804
Last Updated: 01/23/2021
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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