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329 W Campo Bello Drive Phoenix, AZ 85023

4 Beds 3 Baths 2,484 sqft Built 1996

$434,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $175.08
  • 3 Days on Market
  • MLS # : 6165404
  • Updated Date : 11/28/2020 at 18:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,484 sqft
  • Baths : 3 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Incredible opportunity to own this 4 bed/3 bath home in highly desirable North Phoenix. Great curb appeal with 3 car garage leads into the light and bright interior featuring soaring vaulted ceilings, charming fireplace in living area and spacious fluid floor plan. Beautiful kitchen boasts Quartz countertops, stainless steel appliances, tiled backsplash, center island and an abundance of white cabinetry. Large master bedroom and bathroom with dual sinks in Quartz Vanity, soaking tub and separate shower. Step out to your extended length tiled patio and enjoy your own private oasis. Complete with sparkling pool and built-in BBQ. Perfect for entertaining. Don't miss out on this gem. View it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bellvue

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k313k

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

Neighborhood: Bellvue

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Cactus View Elementary School Primary Regular 712 41 4
Cactus View Elementary School Middle Regular 712 41 4
North Canyon High School High Regular 1,957 86 4

Cactus View Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 41
4
GreatSchools Rating

Cactus View Elementary School

  • Education Level: Middle
  • # of students: 712
  • # of teachers: 41
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$391,410$478,390$434,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,605
Property Tax -$274
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
$17

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.

$434,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.4%
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$1.4M

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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,999

INVESTMENT

$120,999

Down Payment
$108,725
Rehab Estimate
$5,750
Closing Costs
$6,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,725
Loan Amount $326,175
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$34,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,192

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0954$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 329 W Campo Bello Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17615 N 6th Place Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1979
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
  • 101 W Kathleen Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 341 W Helena Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 17616 N 2nd Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 1980
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jonas Funston
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165404
Last Updated: 11/28/2020
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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