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3900 E Baseline Road #158 Phoenix, AZ 85042

2 Beds 2 Baths 1,558 sqft Built 2018

$339,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $217.59
  • 3 Days on Market
  • MLS # : 6181395
  • Updated Date : 01/15/2021 at 17:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,558 sqft
  • Baths : 2 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Welcome Home! Stunning 2 bedroom, 2 bath, 2nd floor condo has a spectacular east-facing covered lanai with gorgeous view of South Mountain. The stylish kitchen boasts a large island open to the great room - great for entertaining! The master suite is spacious with a large walk-in closet, custom shower, dual-sink vanity, and linen cabinet. Laundry room including new Maytag washer/dryer. 2 car garage with direct entrance into condo. Storage room under stairs in unit. A nice extra is the hot water recirculating pump - saves water as hot water is at the ready! Gated-community features a pool, bathroom with attached ramada, fireplace, and grill. Dog park with real grass for your furry family pooch! Seller is also open to discuss terms of Lease with Option to Buy.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,177
Property Tax -$220
Property Insurance -$58
HOA -$197
Property Management Fees -$99
CASH FLOW
-$191

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.

$339,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,706

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,5604$1,5955$1,995
$1,995
RENT COMPS ANALYSIS
  • 3900 E Baseline Road #158 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,558 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,558 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.00
    •  
  • 3900 E Baseline Road #162 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019 2 beds 2 baths ∙ 1,400 Sqft ∙ Built 2019
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.07
    •  
  • 3900 E Baseline Road #157 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,332 Sqft ∙ Built 2018
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 3131 E Legacy Drive #1062 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,646 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,646 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 3131 E Legacy Drive #1047 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,646 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,646 Sqft ∙ Built 2004
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.21
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181395
Last Updated: 01/15/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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