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5345 E Van Buren Street #324 Phoenix, AZ 85008

2 Beds 2 Baths 1,034 sqft Built 1999

$219,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $212.67
  • 2 Days on Market
  • MLS # : 6176046
  • Updated Date : 01/02/2021 at 00:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,034 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Want to wake up every day feeling like your on vacation at a 5 star resort? Then this beautiful upgraded 2 bedroom, 2 bathroom home is perfect for you! The gated community of Riverwalk has everything you need: HEATED pool and spa, fitness center/weight room, lakes with gorgeous fountains, and volleyball courts. The home is turn key with granite counter tops, shaker cabinets, crown molding, tile throughout with carpet in the bedrooms and living room, and all the appliances included. You'll be able to have your morning coffee on your private patio as it faces the sunrise and overlooks the lakes and manicured landscaping of your community. The location can't be beat: minutes from ASU, Sky Harbor Airport, Papago Park, the Phoenix Zoo, the Botanical Gardens, all the restaurants and shopping you

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riverwalk Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Riverwalk Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Balsz Elementary School Primary Regular 897 47 3
Balsz Elementary School Middle Regular 897 47 3
Camelback High School High Regular 2,048 110 4

Balsz Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 47
3
GreatSchools Rating

Balsz Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 47
3
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$811
Property Tax -$130
Property Insurance -$47
HOA -$255
Property Management Fees -$99
CASH FLOW
-$63

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.

$219,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,139

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
  • $1,272

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2453$1,2494$1,2505$1,275
$1,275
RENT COMPS ANALYSIS
  • 5345 E Van Buren Street #324 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,034 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,034 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5401 E Van Buren Street #3004 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.19
    •  
  • 5345 E Van Buren Street #363 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 996 Sqft ∙ Built 1999 2 beds 2 baths ∙ 996 Sqft ∙ Built 1999
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $1.25
    •  
  • 5401 E Van Buren Street #2074 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 995 Sqft ∙ Built 1999 2 beds 2 baths ∙ 995 Sqft ∙ Built 1999
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.26
    •  
  • 5401 E Van Buren Street #3020 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,042 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.22
    •  
PROPERTY LISTING DETAILS
Michael J Shimono
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176046
Last Updated: 01/02/2021
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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