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3510 E Amelia Avenue Phoenix, AZ 85018

4 Beds 2 Baths 2,063 sqft Built 1951

$649,900

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $315.03
  • 4 Days on Market
  • MLS # : 6200936
  • Updated Date : 03/05/2021 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,063 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Location, location, location! Charming 4 bedroom home in a well established and quiet cul de sac in Arcadia Lite! Near restaurants, bars, shopping and in between Biltmore and Arcadia. Home has been updated with newer dual pane windows, granite countertops, newer roof (5 years old), and newer A/C (4 years old). Schedule your showing today, this one won't last! Professional pictures to come.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Monte Vista Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k330k

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

Neighborhood: Monte Vista Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9341775

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,257
Property Tax -$412
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$246

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.

$649,900

PROJECTED PRICE

$2,590

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,257

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$20,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,857

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5904$3,1505$3,175
$3,175
RENT COMPS ANALYSIS
  • 3510 E Amelia Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,063 Sqft ∙ Built 1951
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.26
    •  
  • 3029 E Heatherbrae Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1955
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
  • 3728 E Piccadilly Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
  • 3928 E Fairmount Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.61
    •  
  • 3915 E Whitton Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1954 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 1954
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $1.53
    •  
PROPERTY LISTING DETAILS
Theresa R Marquez
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200936
Last Updated: 03/05/2021
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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