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3511 E Baseline Road #1120 Phoenix, AZ 85042

2 Beds 2 Baths 890 sqft Built 1986

$159,500

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $179.21
  • 5 Days on Market
  • MLS # : 6171878
  • Updated Date : 12/16/2020 at 13:25
CONSTRUCTION
  • Beds : 2
  • Floor Size : 890 sqft
  • Baths : 1 full , 1 half
Listing Agent

Gentry Real Estate

Listing Agent's Description

Newly remodeled 2 bedroom, 1.5 bath townhome with fresh paint and brand new carpets. Community amenities include two pools, spa, fitness center, and tennis courts. Stainless steel fridge comes included. Master bedroom has a walk in closet. This is a great location close to the I-10, Sky Harbor airport, South Mountain and other retail shopping. Come see this charming move in ready townhome!

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
 

$143,550$175,450$159,500

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$588
Property Tax -$104
Property Insurance -$45
HOA -$209
Property Management Fees -$99
CASH FLOW
$55

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.

$159,500

PROJECTED PRICE

$1,100

PROJECTED RENT

0.69%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,018

INVESTMENT

$48,018

Down Payment
$39,875
Rehab Estimate
$5,750
Closing Costs
$2,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$588

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $39,875
Loan Amount $119,625
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$13,599

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
  • $1,106

    COMP ESTIMATED VALUE
  • $1.24

    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 #1120 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 #1149 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 900 Sqft ∙ Built 1986 2 beds 2 baths ∙ 900 Sqft ∙ Built 1986
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.17
    •  
  • 3511 E Baseline Road #1201 Phoenix, AZ 3
    • 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 4
    • 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 #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
Tory L Adair
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171878
Last Updated: 12/16/2020
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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