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3150 E Beardsley Road #1029 Phoenix, AZ 85050

2 Beds 3 Baths 1,221 sqft Built 2001

$249,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $204.67
  • 3 Days on Market
  • MLS # : 6189065
  • Updated Date : 02/05/2021 at 21:45
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,221 sqft
  • Baths : 3 full
Listing Agent

Block Party Realty Llc

Listing Agent's Description

Welcome home! This is your opportunity to own a fabulous property located in the desirable gated community of Los Paseos! Amazing interior offers 2 master bedrooms, 2.5 bath, living/dining area. Neutral color palette throughout makes this move in ready. Well maintained eat-in kitchen provides ample cabinetry, white matching appliances, and recessed lighting. All bedrooms and laundry located upstairs for convenience. Half bath downstairs. Both master bedrooms have walk in closets and open to private balconies. New HVAC in 2019. This one will go quickly!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Paseos Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Los Paseos Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8301981

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$868
Property Tax -$157
Property Insurance -$51
HOA -$220
Property Management Fees -$99
CASH FLOW
$75

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.

$249,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$17,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4703$1,6004$1,6505$1,775
$1,775
RENT COMPS ANALYSIS
  • 3150 E Beardsley Road #1029 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 2001 2 beds 3 baths ∙ 1,221 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.20
    •  
  • 3305 E Siesta Lane Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.23
    •  
  • 3306 E Taro Lane Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,228 Sqft ∙ Built 1989
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
  • 20660 N 40th Street #2098 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,238 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.33
    •  
  • 3150 E Beardsley Road #1019 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,372 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,372 Sqft ∙ Built 2002
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.29
    •  
PROPERTY LISTING DETAILS
Scott Hubbard
Block Party Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189065
Last Updated: 02/05/2021
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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