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3511 E Baseline Road #1261 Phoenix, AZ 85042

2 Beds 2 Baths 827 sqft Built 1986

$180,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $217.65
  • 3 Days on Market
  • MLS # : 6186274
  • Updated Date : 01/30/2021 at 01:28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 827 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful 2 bedroom, 2 bathroom end unit in Shadow Mountain Villas! Great room concept with cozy fireplace, neutral paint and travertine tile flooring. This sought after community has two pools, hot tubs, gym, and meticulous landscaping. Located on the Baseline corridor with easy access to Sky Harbor, 101 free way, South Mountain College, ASU and Downtown Tempe and Phoenix.

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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

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

$162,000$198,000$180,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$625
Property Tax -$117
Property Insurance -$43
HOA -$209
Property Management Fees -$99
CASH FLOW
-$84

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.

$180,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.56%

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-$3.0k-$2.0k-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$3,159

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
  • $1,007

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0003$1,0004$1,0505$1,050
$1,050
RENT COMPS ANALYSIS
  • 3511 E Baseline Road #1261 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3511 E Baseline Road #1041 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986 2 beds 2 baths ∙ 890 Sqft ∙ Built 1986
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.12
    •  
  • 3511 E Baseline Road #1224 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.21
    •  
  • 3511 E Baseline Road #1201 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.27
    •  
  • 3511 E Baseline Road #1103 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986 2 beds 2 baths ∙ 827 Sqft ∙ Built 1986
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.27
    •  
PROPERTY LISTING DETAILS
Rc Hard
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186274
Last Updated: 01/30/2021
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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