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3017 W Stella Lane Phoenix, AZ 85017

4 Beds 2 Baths 1,674 sqft Built 1958

$290,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $173.24
  • 2 Days on Market
  • MLS # : 6197119
  • Updated Date : 02/20/2021 at 19:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,674 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Come and see this lovely 4 bed, 2 bath property now for sale in Phoenix! Grassy front landscaping, 1 car garage, RV gate, this home will impress you the first moment you see it! Inside you'll find a large living room, formal dining area and neutral paint throughout. The elegant kitchen is equipped with ample cabinet and counter space, as well as a charming breakfast bar. The fabulous master bedroom boasts a full bath. Also including a cozy backyard with tons of potential for customizing it any way you can imagine, this home is sure to be the one you've been looking for! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Palo Verde Middle School Middle Regular 925 46 3
Washington High School High Regular 1,714 73 4

Palo Verde Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 46
3
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,007
Property Tax -$173
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$79

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.

$290,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,165

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,423

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3003$1,3954$1,4355$1,450
$1,450
RENT COMPS ANALYSIS
  • 3017 W Stella Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.75
    •  
  • 2217 W Rancho Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1953
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 6814 N 30th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 1969
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 2929 W Rancho Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1952
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $0.86
    •  
  • 3043 W Tuckey Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1961
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cristian Alejandro Reyes
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197119
Last Updated: 02/20/2021
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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