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3640 N 60th Street Phoenix, AZ 85018

3 Beds 2 Baths 1,820 sqft Built 1988

$795,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $436.81
  • 2 Days on Market
  • MLS # : 6189498
  • Updated Date : 02/06/2021 at 15:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

This Arcadia Southwest style residence is AMAZING!!! ZERO HOA! Outstanding Camelback mountain views!! Two sets of French doors lead to a backyard OASIS! Beautiful heated pool and hot tub! Abundance of absolutely fabulous shade and citrus trees. Skylights, Solar tubes, RV parking, front courtyard & backyard bar are just a few of the extras! Living area has a beehive, wood burning fireplace, entertainment center w/ copper shelves & recessed lighting. Outdoor lighting & patio are superb! Sandstone patio is extremely desirable. Kitchen w/ granite counter tops too! Outstanding location, Nestled within the neighborhood of Arizona Country Club and with the Indian School Canal at your doorstep. Enjoy all that Old Town Scottsdale and Arcadia have to offer! Don't miss out! It will go fast!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ingleside Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900kPrice in $91k963k

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

Neighborhood: Ingleside Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343809

* 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
Tavan Elementary School Primary Regular 718 43 5
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Tavan Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 43
5
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,761
Property Tax -$412
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$1,145

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.

$795,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$76

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
  • $1,852

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5993$1,8004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3640 N 60th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5885 E Thomas Road Scottsdale, AZ 2
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.94
    •  
  • 5953 E Thomas Road Scottsdale, AZ 3
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
  • 2835 N 61st Place N Scottsdale, AZ 4
    • 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,779 Sqft ∙ Built 1974
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.01
    •  
  • 5927 E Thomas Road Scottsdale, AZ 5
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1971
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.06
    •  
PROPERTY LISTING DETAILS
Dia Bojorquez
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189498
Last Updated: 02/06/2021
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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