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3110 W Calavar Road Phoenix, AZ 85053

4 Beds 2 Baths 1,824 sqft Built 1963

$320,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $175.44
  • 3 Days on Market
  • MLS # : 6174689
  • Updated Date : 01/01/2021 at 18:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Beautifully remodeled 4 bedroom, 2 bath home is move-in ready! Modern, neutral gray tones throughout the home. NO HOA! Formal dining room right off the large living room. Kitchen boasts, granite counter tops, stainless steel appliances, tile backsplash and opens up to an oversized breakfast room. Both bathrooms feature granite countertops and tiled showers. Enjoy an oversized backyard with a refreshing diving pool, pergola and fire pit. Planation shutters throughout. Home is conveniently located near the I-17 freeway! Hurry this one will not last long! **Newborn in house. Please use caution, wear masks, sanitize hands and avoid touching items in home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Meadows West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Cox Meadows West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8881567

* 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
Acacia Elementary School Primary Regular 772 41 7
Acacia Elementary School Middle Regular 772 41 7
Greenway High School High Regular 1,474 68 7

Acacia Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 41
7
GreatSchools Rating

Acacia Elementary School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 41
7
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,181
Property Tax -$191
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$77

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.

$320,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$32,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,373

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,5754$1,5955$1,610
$1,610
RENT COMPS ANALYSIS
  • 3110 W Calavar Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.88
    •  
  • 3518 W Eugie Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 13813 N 36th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.77
    •  
  • 13835 N 34th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.74
    •  
  • 3037 W Wethersfield Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 1959
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174689
Last Updated: 01/01/2021
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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