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2916 E Campo Bello Drive Phoenix, AZ 85032

5 Beds 3 Baths 2,686 sqft Built 1974

$460,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $171.26
  • 6 Days on Market
  • MLS # : 6179805
  • Updated Date : 01/12/2021 at 03:58
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,686 sqft
  • Baths : 3 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Beautiful home in the PV School district with a huge lot ready to make into horse property, ranch, or shop. This home has five bedrooms, tile in first floor and wood laminate floor on 2nd level. Enjoy the nice mountain view from the 2nd floor deck/patio. Beautiful kitchen with granite countertops, breakfast bar, gas stove and stainless steel appliances. This home is gorgeous and it will not last long. Contact agent for showing today.

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
 

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

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,598
Property Tax -$290
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
$614

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

$2,680

PROJECTED RENT

0.58%

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$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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 25% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

12.33

YEARS SAVED

$89,168

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
  • $3,008

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7253$2,9004$3,0005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2916 E Campo Bello Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,686 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1720 E Kathleen Road Phoenix, AZ 2
    • 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
    •  
  • 16223 N 40th Place Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983 5 beds 3 baths ∙ 2,949 Sqft ∙ Built 1983
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 3625 E Rosemonte Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1989
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.27
    •  
  • 19407 N 36th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 1994
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.22
    •  
PROPERTY LISTING DETAILS
Armando Juarez
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179805
Last Updated: 01/12/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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