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2807 E Earll Drive Phoenix, AZ 85016

2 Beds 1 Baths 1,050 sqft Built 1949

$270,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $257.14
  • 3 Days on Market
  • MLS # : 6181162
  • Updated Date : 01/15/2021 at 02:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

Tierra Bella Realty

Listing Agent's Description

***NOT FOR RENT*** MOVE-IN READY BLOCK HOME *** You will definitely want to schedule your visit to this cute mid-century block home located only miles from Arcadia and the Biltmore areas. Bedrooms are all on one side of the home with the living room area in the middle and the kitchen and formal dining room on the other end. The spacious backyard offers you an extended covered patio and plenty of room to bring your creative landscape design to life! Conveniently located near dining, shopping and freeway access. Come see it today, you won't be disappointed!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Larry C. Kennedy School Primary Regular 672 35 2
Larry C. Kennedy School Middle Regular 672 35 2
Camelback High School High Regular 2,048 110 4

Larry C. Kennedy School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Larry C. Kennedy School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Camelback High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$938
Property Tax -$183
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
$82

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$270,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$23,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,449

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1953$1,3504$1,4955$1,499
$1,499
RENT COMPS ANALYSIS
  • 2807 E Earll Drive Phoenix, AZ 3
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1949 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.29
    •  
  • 3402 N 32nd Street #141 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 792 Sqft ∙ Built 1969 2 beds 2 baths ∙ 792 Sqft ∙ Built 1969
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.45
    •  
  • 3402 N 32nd Street #101 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 941 Sqft ∙ Built 1969 2 beds 2 baths ∙ 941 Sqft ∙ Built 1969
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.27
    •  
  • 3037 E Mulberry Drive Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,147 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,147 Sqft ∙ Built 1947
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.30
    •  
  • 2438 E Amelia Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1950
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.50
    •  
PROPERTY LISTING DETAILS
Aaron Saenz
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181162
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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