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3113 E Danbury Road #6 # 6 Phoenix, AZ 85032

3 Beds 3 Baths 1,549 sqft Built 2014

INVESTimate

$280,000

List Price

$1,540

$1,386 - $1,694

Rent Est.

$298,452  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $180.76
  • 5 Days on Market
  • MLS # : 6121095
  • Updated Date : 08/21/2020 at 20:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,549 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

ALMOST LIKE A NEW BUILD! Built in 2014, this 3 bedroom, 2 1/2 bath home is located in the gated community of Danbury Place. Step inside to you oversized living room where soaring ceilings greet you. Kitchen boasts, granite countertops, cherry cabinets, black appliances and breakfast bar for additional seating and opens up to a dining room. After a long day, relax in your large master retreat with double vanities and walk-in closet. Step outside onto your covered patio and begin to imagine your perfect backyard oasis! Community offers a pool, ramada and BBQ area Conveniently located near the 101 and 51 freeways makes an easy commute to anywhere in the Valley. Hurry this one will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Danbury Place Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Danbury Place Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,033
Property Tax -$176
Property Insurance -$57
HOA -$143
Property Management Fees -$99
CASH FLOW
$31

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.

$280,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4953$1,5404$1,5865$1,600
$1,600
RENT COMPS ANALYSIS
  • 3113 E Danbury Road #6 Phoenix, 3
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.99
    •  
  • 16216 N 30th Place Phoenix, 1
    • 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 2014
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.94
    •  
  • 3008 E Kings Avenue Phoenix, 2
    • 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,653 Sqft ∙ Built 2005
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 3039 E Kings Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 2004
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,586
    • $1.10
    •  
  • 3113 E Danbury Road #17 Phoenix, 5
    • 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2014
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
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 #: 6121095
Last Updated: 08/21/2020
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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