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5213 W Illini Street Phoenix, AZ 85043

4 Beds 3 Baths 1,803 sqft Built 2006

$260,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.20
  • 4 Days on Market
  • MLS # : 6175782
  • Updated Date : 01/01/2021 at 20:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,803 sqft
  • Baths : 3 full
Listing Agent

Occasio Realty

Listing Agent's Description

Come Checkout this Beautiful and Cozy 4 bedroom 3 bath property with a huge master bedroom and a huge walk in Closet. This home features a welcoming front elevation with stone accents and mature shade trees. HOA takes care of the front yard maintenance, making it easy for you to sit back and enjoy your home. The backyard is a clean slate and ready for your personal touch. Inside the home you will find a spacious bedroom and full bath downstairs that can be used for guests or as a mother- in-law option. The laundry room is conveniently upstairs equipped with both washer and dryer. White open spaced kitchen with huge pantry. Spacious two car garage in the rear of the home allows for a private entry to your home. This home is walking proximity to the community playground, perfect for the kids

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7361567

* 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
Kings Ridge School Primary Regular 381 17 5
Kings Ridge School Middle Regular 381 17 5
Betty Fairfax High School High Regular 1,903 104 3

Kings Ridge School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Kings Ridge School

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$959
Property Tax -$154
Property Insurance -$62
HOA -$99
Property Management Fees -$99
CASH FLOW
$246

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.

$260,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$44,914

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
  • $1,573

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3954$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 5213 W Illini Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3705 S 52nd Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 5214 W Illini Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,632 Sqft ∙ Built 2006
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.85
    •  
  • 5419 W Atlantis Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
  • 5206 W Illini Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,803 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Yessica Jasmin Arellano Correa
Occasio Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175782
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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