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2816 E Sunland Avenue Phoenix, AZ 85040

3 Beds 2 Baths 1,923 sqft Built 2018

$420,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $218.41
  • 2 Days on Market
  • MLS # : 6203295
  • Updated Date : 03/06/2021 at 18:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Dream Home nestled in the Southern Enclave Gated Community. This one is a showstopper! Wall to Wall Glass Sliders Lead to the Lushly Landscaped Backyard on an Expanded Lot. All the upgrades you want: Wood-look Neutral Tile, Quartz Countertops, Pendant Lights, Spacious Dining Rm, Abundant Living Space - this one hits all the boxes. A Neutral Palette thru-out; Sharp, Pristine, and Move-in Perfect! Expansive Walk-in Dual Shower in the Master Suite. Plus 2 Additional Guest Rooms, Guest Bath w/Dual Sinks, and Separate Den. Added Storage Area in Laundry Room. 2-car Garage. Easy-Going, Friendly Neighborhood Filled with Parks, Even a Dog Park, Green Space, and Play Area! Come See This One!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,459
Property Tax -$273
Property Insurance -$65
HOA -$122
Property Management Fees -$99
CASH FLOW
-$378

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.

$420,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,182

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
  • $1,673

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,6954$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 2816 E Sunland Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2950 E Mobile Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2004
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 2113 E Sunland Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,951 Sqft ∙ Built 2005
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 2343 E Sunland Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 2310 E Wood Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
PROPERTY LISTING DETAILS
Marilynn Carberry
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203295
Last Updated: 03/06/2021
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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