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512 E Calavar Road Phoenix, AZ 85022

2 Beds 2 Baths 1,340 sqft Built 1973

$349,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $260.45
  • 5 Days on Market
  • MLS # : 6198349
  • Updated Date : 02/25/2021 at 03:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,340 sqft
  • Baths : 2 full
Listing Agent

Cerreta Real Estate

Listing Agent's Description

GORGEOUS IN HILLCREST WITH MOUNTAIN VIEWS! Step inside through a private gated porch, where a spacious living area greets you with a beautiful fireplace and sliding glass doors to the over-sized patio. A den is open to the living area and is a perfect place for an office, media room or game room.The galley style kitchen leads to a beautiful dining area with chandelier lighting on one side and adorable cafe doors leading to the laundry room on the other. Down the hall, find a guest bedroom and a full guest bath. The master suite has its own bath and a patio all its own. The large backyard has mature landscape and mountain views. Great location with easy access to 7th Street which will take you anywhere you want to go. Don't miss out on this great home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,212
Property Tax -$208
Property Insurance -$53
HOA -$44
Property Management Fees -$99
CASH FLOW
-$307

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.

$349,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,161

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
  • $1,394

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0753$1,4004$1,400
$1,400
RENT COMPS ANALYSIS
  • 512 E Calavar Road Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,340 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,340 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 756 E Joan D Arc Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 1,036 Sqft ∙ Built 1974 2 beds 1 baths ∙ 1,036 Sqft ∙ Built 1974
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.04
    •  
  • 18 E Coral Gables Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1986
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 15447 N 1st Place Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,350 Sqft ∙ Built 1985
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Marlene Cerreta
Cerreta Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198349
Last Updated: 02/25/2021
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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