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5011 E Hazel Drive #2 Phoenix, AZ 85044

2 Beds 3 Baths 1,435 sqft Built 1996

$328,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $228.57
  • 5 Days on Market
  • MLS # : 6169454
  • Updated Date : 12/09/2020 at 17:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,435 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Don't miss the opportunity to make this Arizona retreat your own! You will be swept away upon entering the oversized garden courtyard with plenty of space to relax or entertain friends. As you walk through the beautiful Spanish style front entry, high ceilings, tons of natural light and beautiful finishes throughout this meticulously kept townhome will welcome you home. Kitchen updated with stainless appliances, quartz countertops and beautiful subway tile backsplash. This layout features bedrooms, two bathrooms and small loft upstairs with a powder room downstairs. Perfect location... walk to some of the valley's best hiking and biking trails at South Mountain Preserve, minutes from golfing, easy highway access and 10 minutes to Sky Harbor Intl. Airport.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain Resort

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k413k

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

Neighborhood: South Mountain Resort

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9302375

* 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
Frank Elementary School Primary Regular 565 35 1
Fees College Preparatory Middle School Middle Regular 925 59 4
Mountain Pointe High School High Regular 2,685 111 3

Frank Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 35
1
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$295,200$360,800$328,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,210
Property Tax -$157
Property Insurance -$55
HOA -$277
Property Management Fees -$99
CASH FLOW
-$359

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.

$328,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,670

INVESTMENT

$92,670

Down Payment
$82,000
Rehab Estimate
$5,750
Closing Costs
$4,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,000
Loan Amount $246,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$630

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
  • $1,435

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2504$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 5011 E Hazel Drive #2 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1013 W Westchester Avenue Tempe, AZ 2
    • 2 beds 3 baths ∙ 1,166 Sqft ∙ Built 1998 2 beds 3 baths ∙ 1,166 Sqft ∙ Built 1998
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.03
    •  
  • 9609 S 44th Street Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 1984
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 5015 E Hazel Drive #1 Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1994 2 beds 3 baths ∙ 1,435 Sqft ∙ Built 1994
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 4701 E Ardmore Road Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 1983
    property image
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
PROPERTY LISTING DETAILS
Margo Ingram
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169454
Last Updated: 12/09/2020
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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