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501 E El Camino Drive Phoenix, AZ 85020

3 Beds 2 Baths 1,092 sqft Built 1954

$415,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $380.04
  • 2 Days on Market
  • MLS # : 6206754
  • Updated Date : 03/14/2021 at 03:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,092 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

ENJOY THE WARM AMBIANCE OF THE CENTRAL CORRIDOR CLOSE TO RESTAURANTS AND ENTERTAINMENT. THIS PROPERTY IS LOCATED IN A GREAT SCHOOL DISTRICT. NEWLY REMODELED HOME OFFERS A BEAUTIFUL OPEN FLOOR PLAN WITH AN UPDATED KITCHEN FIXTURES, APPLIANCES, AND QUARTZ COUNTERS, NEW INTERIOR AND EXTERIOR PAINT, WOOD LIKE TILE EVERYWHERE. BEAUTIFUL GREEN LANDSCAPE. WALKING DISTANCE TO THE CANEL AND MOUNTAIN VIEWS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactilone Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Cactilone Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8931981

* 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
Desert View Elementary School Primary Regular 454 29 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,441
Property Tax -$248
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$477

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.

$415,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,365

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2953$1,3604$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 501 E El Camino Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.25
    •  
  • 8821 N 4th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.21
    •  
  • 1228 E Lawrence Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,023 Sqft ∙ Built 1973
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.27
    •  
  • 8111 N 11th Street Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,220 Sqft ∙ Built 1950
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.15
    •  
  • 206 E Butler Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.37
    •  
PROPERTY LISTING DETAILS
Maribel S Martinez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206754
Last Updated: 03/14/2021
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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