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4020 E Campo Bello Drive Phoenix, AZ 85032

3 Beds 2 Baths 1,456 sqft Built 1976

$349,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $239.70
  • 1 Days on Market
  • MLS # : 6160843
  • Updated Date : 11/14/2020 at 22:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 full
Listing Agent

Balboa Realty, Llc

Listing Agent's Description

NO HOA!! Beautifully Remodeled home with New Roof, New modern bathrooms, Updated Kitchen with Granite, New stainless appliances, New flooring and new paint throughout. Good size bedrooms with large Primary bedroom closet. Large Laundry Room for additional storage or Pantry Space. Huge back yard with RV Gate and RV Parking -allowed. Located in quiet North East Phoenix neighborhood with great Schools, close to Sr 51 and 101. Plenty of room in the back yard for a swimming pool, or to park your additional vehicles and toys. Additional pictures added soon

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Villa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Paradise Villa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8661567

* 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
Whispering Wind Academy Primary Regular 638 41 6
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Whispering Wind Academy

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
6
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,288
Property Tax -$220
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$52

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.

$349,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,282

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
  • $1,729

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,7154$1,7255$1,965
$1,965
RENT COMPS ANALYSIS
  • 4020 E Campo Bello Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4114 E Union Hills Drive #1265 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,379 Sqft ∙ Built 1988
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.16
    •  
  • 18042 N Villa Rita Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,530 Sqft ∙ Built 1974
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,715
    • $1.12
    •  
  • 4115 E Hartford Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1977
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.24
    •  
  • 4134 E Campo Bello Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 1974
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $1.23
    •  
PROPERTY LISTING DETAILS
Lynn Watson
Balboa Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160843
Last Updated: 11/14/2020
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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