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4013 E Campbell Avenue Phoenix, AZ 85018

3 Beds 2 Baths 1,641 sqft Built 1963

$475,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $289.46
  • 7 Days on Market
  • MLS # : 6175601
  • Updated Date : 01/04/2021 at 16:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,641 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

This contemporary remodeled townhome in Arcadia is exactly what you have been waiting for, offering exceptional location and exquisite touches inside with 3 full bedrooms. New custom hardwood flooring inside warms the home, while keeping modern and stylish with railing and lighting throughout. The major upgrades have also been taken care of including new HVAC, windows and water heater. Additionally, the home is also wired for smart technology. Walking distance to Postinos, LGO and many many more. Property is also very profitable as a short term rental. HOA covers roof and water. See attached upgrades list. Agent to verify all information.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Williamsburg Square Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k333k

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

Neighborhood: Williamsburg Square Condominiums

ZipNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342612

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,650
Property Tax -$246
Property Insurance -$59
HOA -$294
Property Management Fees -$99
CASH FLOW
$42

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$475,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,682

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,400

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3753$2,3904$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4013 E Campbell Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.46
    •  
  • 3739 E Montecito Avenue #frnt Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 1978
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.51
    •  
  • 4456 E Campbell Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954
    property image
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.37
    •  
  • 3910 E Campbell Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.54
    •  
  • 3831 E Highland Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
PROPERTY LISTING DETAILS
Matt Huff
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175601
Last Updated: 01/04/2021
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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