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3223 S 80th Drive Phoenix, AZ 85043

3 Beds 2 Baths 1,921 sqft Built 2004

$295,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $153.57
  • 3 Days on Market
  • MLS # : 6176773
  • Updated Date : 01/15/2021 at 16:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,921 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Welcome to one of the most well-kept homes in all of Tuscano! From the low maintenance front yard to the backyard that backs up to the community park, this west valley gem will impress! Enter to find a bright Great Room floor-plan, featuring 3 bedrooms, 2 baths a Spacious Den, easily converted to a 4th bedroom, or a perfect executive home office! The expansive backyard is complete with a large grass patch perfect for family fun. Conveniently located just a few miles from the 202 highway and I-10 and local schools and shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuscano

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Tuscano

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Tuscano Elementary School Primary Regular 719 34 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

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

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,025
Property Tax -$171
Property Insurance -$65
HOA -$67
Property Management Fees -$99
CASH FLOW
$194

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

$1,620

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$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 35% 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

8.67

YEARS SAVED

$35,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,535
1$1,5352$1,5493$1,6004$1,6205$1,695
$1,695
RENT COMPS ANALYSIS
  • 3223 S 80th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.84
    •  
  • 8316 W Hamster Lane Tolleson, AZ 1
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.78
    •  
  • 7639 W Riverside Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.86
    •  
  • 8024 W Superior Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 7924 W Williams Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Joshua Williams
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176773
Last Updated: 01/15/2021
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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