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3511 E Baseline Road #1078 Phoenix, AZ 85042

2 Beds 2 Baths 890 sqft Built 1986

$167,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $187.64
  • 2 Days on Market
  • MLS # : 6170621
  • Updated Date : 12/11/2020 at 23:53
CONSTRUCTION
  • Beds : 2
  • Floor Size : 890 sqft
  • Baths : 1 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Impress your friends with this 2 bedroom condo at a great location with South Mountain views! Fresh paint, updated kitchen cabinets, new countertop, added backsplash, comes with kitchen appliances, new flooring, new stove hood, new washer, new bathroom vanities, new carpet, new toilet upstairs, new light fixtures in kitchen & hallway. French doors to covered patio with storage shed. Split bedrooms upstairs. Community pool and spa. South Phoenix is adding more conveniences to the area. Great investment or starter home, this won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadow Mountain Villas

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $50k271k

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

Neighborhood: Shadow Mountain Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6191567

* 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
Cloves C. Campbell Sr. Elementary School Primary Regular 577 28 5
Cloves C. Campbell Sr. Elementary School Middle Regular 577 28 5
South Mountain High School High Regular 1,706 102 2

Cloves C. Campbell Sr. Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

Cloves C. Campbell Sr. Elementary School

  • Education Level: Middle
  • # of students: 577
  • # of teachers: 28
5
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$150,300$183,700$167,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$616
Property Tax -$109
Property Insurance -$45
HOA -$209
Property Management Fees -$99
CASH FLOW
$43

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.

$167,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,005

INVESTMENT

$50,005

Down Payment
$41,750
Rehab Estimate
$5,750
Closing Costs
$2,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,750
Loan Amount $125,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$12,972

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
  • $1,128

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,0504$1,0505$1,200
$1,200
RENT COMPS ANALYSIS
  • 3511 E Baseline Road #1078 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3511 E Baseline Road #1201 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.27
    •  
  • 3511 E Baseline Road #1171 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.18
    •  
  • 3511 E Baseline Road #1103 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.27
    •  
  • 3511 E Baseline Road #1114 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.35
    •  
PROPERTY LISTING DETAILS
Mina Fajardo
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170621
Last Updated: 12/11/2020
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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