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3221 W Apollo Road Phoenix, AZ 85041

3 Beds 2 Baths 1,900 sqft Built 2005

$295,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $155.26
  • 3 Days on Market
  • MLS # : 6182649
  • Updated Date : 01/24/2021 at 02:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Finally a place you can move right into. The owners did it all for you! This home has a newer Trane AC, fresh interior paint, and carpet that has never been lived on! The formal living/dining room leads to the open, spacious kitchen. It has ceramic tile and plenty of cabinets and counter space. Just off the family room is a separate office area. This popular floor plan sits on a corner lot with north south exposure. The front yard is low maintenance and there are unlimited possibilities for the backyard. Just steps away is Laveen Village Park with a splash pad and playground. This area near South Mountain has many walking and biking trails and is located near restaurants, shopping, and public transportation. It's also convenient to freeways. This home is refreshed and ready for you!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Laveen Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Laveen Village

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
Bernard Black Elementary School Primary Regular 843 35 2
Bernard Black Elementary School Middle Regular 843 35 2
Cesar Chavez High School High Regular 2,575 131 3

Bernard Black Elementary School

  • Education Level: Primary
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Bernard Black Elementary School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,025
Property Tax -$192
Property Insurance -$64
HOA -$18
Property Management Fees -$99
CASH FLOW
$282

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.

$295,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.5%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$45,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,6003$1,6804$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3221 W Apollo Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.88
    •  
  • 6625 S 31st Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.82
    •  
  • 3324 W Saint Kateri Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2005
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 3334 W Saint Anne Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2005
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 3241 W Shumway Farm Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2003
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Angie Koehle
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182649
Last Updated: 01/24/2021
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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