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4318 E Sells Drive Phoenix, AZ 85018

3 Beds 2 Baths 1,823 sqft Built 1952

$765,500

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $419.91
  • 2 Days on Market
  • MLS # : 6212964
  • Updated Date : 03/27/2021 at 00:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Lovely Arcadia home in Date Palm neighborhhod. 3 bed/2bath updated design with wood floors througout main living area. Stainless steel appliances, quartz countertops and modern backsplash in kitchen. Sparkling pool in spotless backyard for family fun and entertaining. Charming front courtyard with fire pit for gazing at Arizona sunsets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dateland Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k503k

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

Neighborhood: Dateland Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342035

* 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
 

$688,950$842,050$765,500

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,659
Property Tax -$396
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$737

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.

$765,500

PROJECTED PRICE

$2,480

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 14.3%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,608

INVESTMENT

$208,608

Down Payment
$191,375
Rehab Estimate
$5,750
Closing Costs
$11,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,659

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $191,375
Loan Amount $574,125
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$4,028

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,712

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$2,375
1$2,3752$2,4803$2,5004$2,6005$3,150
$3,150
RENT COMPS ANALYSIS
  • 4318 E Sells Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.36
    •  
  • 4456 E Campbell Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.37
    •  
  • 3910 E Campbell Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1953
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.54
    •  
  • 3831 E Highland Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1955
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.43
    •  
  • 3928 E Fairmount Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951 4 beds 3 baths ∙ 1,961 Sqft ∙ Built 1951
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.61
    •  
PROPERTY LISTING DETAILS
Joelle Addante
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212964
Last Updated: 03/27/2021
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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