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4640 N 110th Avenue Phoenix, AZ 85037

4 Beds 3 Baths 2,178 sqft Built 2007

$310,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $142.33
  • 2 Days on Market
  • MLS # : 6174671
  • Updated Date : 12/26/2020 at 16:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 2 full , 1 half
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Incredible 4 bed/2.5bath southwest Phoenix home available in desirable Camelback Ranch. Easy access to the 1-10 and Loop 101. Inside is bright and immaculately maintained with a spacious great room floor plan, perfect for gathering friends and family. Beautiful flooring in all downstairs common areas. Open kitchen features and a breakfast bar. Master retreat includes a walk in closet and beautiful renovated bathroom. Huge backyard with block fencing, an extended covered patio, a sprawling grassy area and plenty of room for pets, play, entertaining and more. This gem is a must see. Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k292k

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

Neighborhood: Camelback Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8391567

* 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
Copper King Elementary School Primary Regular 825 44 5
Copper King Elementary School Middle Regular 825 44 5
Westview High School High Regular 2,456 94 2

Copper King Elementary School

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 44
5
GreatSchools Rating

Copper King Elementary School

  • Education Level: Middle
  • # of students: 825
  • # of teachers: 44
5
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$279,000$341,000$310,000

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 -$1,144
Property Tax -$192
Property Insurance -$70
HOA -$50
Property Management Fees -$99
CASH FLOW
$56

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.

$310,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,606

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,566
1$1,5662$1,5993$1,6104$1,6455$1,700
$1,700
RENT COMPS ANALYSIS
  • 4640 N 110th Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.74
    •  
  • 4813 N 112th Glen Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2007
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,566
    • $0.70
    •  
  • 11120 W Campbell Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,303 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.69
    •  
  • 10950 W Pierson Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,075 Sqft ∙ Built 2008
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.79
    •  
  • 10903 W W. Coolidge Street #10903 Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,221 Sqft ∙ Built 2007
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ivan Rivas
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174671
Last Updated: 12/26/2020
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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