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3423 E Angela Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,187 sqft Built 1981

INVESTimate

$289,000

List Price

$1,290

$1,161 - $1,419

Rent Est.

$307,727  ( +6.48%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $243.47
  • 4 Days on Market
  • MLS # : 6121675
  • Updated Date : 08/23/2020 at 17:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,187 sqft
  • Baths : 1 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

ONE OF THE LARGEST LOTS IN SUBDIVISION / ROOM FOR POOL, RV,PLAY AREA. Beautiful corner lot home in quiet north east Phoenix neighborhood w/great Schools, close to Sr 51 and 101, new paint inside and out, double pane windows, beautifull wood fireplace in greatroom . $2,500 carpet/tile allowence at COE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,161$1,419$1,290

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 $1,290
EXPENSES Loan Payment -$1,066
Property Tax -$182
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$108

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.

$289,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.48%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,401

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,4503$1,5004$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 3423 E Angela Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.09
    •  
  • 3227 E Helena Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1980
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.15
    •  
  • 3223 E Angela Drive Phoenix, 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1981
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.24
    •  
  • 3301 E Kelton Lane #105 Phoenix, 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.17
    •  
  • 17822 N 34th Way Phoenix, 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1984
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
PROPERTY LISTING DETAILS
Norma Carranza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121675
Last Updated: 08/23/2020
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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