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536 W El Caminito Drive Phoenix, AZ 85021

4 Beds 2 Baths 2,622 sqft Built 1984

$584,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $223.07
  • 3 Days on Market
  • MLS # : 6170442
  • Updated Date : 12/11/2020 at 21:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,622 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

This beautiful custom home in a highly coveted ''between the sevens'' neighborhood is truly one of a kind! With 4 bedrooms, 2 bathrooms, a 3-car garage, vaulted ceilings and newer built pool, this type of home is a rare find at this price. The home's numerous features include gorgeous hardwood floors, plantation shutters, extra insulation, multiple skylights, two fireplaces, custom oak cabinets and so much more. The home boasts a split floor plan that includes a private guest bedroom with french door access via the backyard. The generous sized bedrooms include a master en-suite with a walk-in closet, it's own fireplace, a dual sink vanity and french door access to the covered back patio. With million dollar homes sitting right to the north, this home is a great value and full of potential!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sands Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k445k

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

Neighborhood: Sands Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342178

* 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
Richard E. Miller Elementary School Primary Regular 569 26 4
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

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

$526,410$643,390$584,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,158
Property Tax -$349
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
$56

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.

$584,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,749

INVESTMENT

$160,749

Down Payment
$146,225
Rehab Estimate
$5,750
Closing Costs
$8,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,225
Loan Amount $438,675
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$50,106

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,937

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,740
1$2,7402$2,8953$3,0004$3,0005$3,380
$3,380
RENT COMPS ANALYSIS
  • 536 W El Caminito Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,622 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,622 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.05
    •  
  • 215 W El Caminito Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1971
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.00
    •  
  • 7802 N 5th Avenue Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,609 Sqft ∙ Built 1974
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
  • 8909 N 13th Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 1965 4 beds 2 baths ∙ 2,524 Sqft ∙ Built 1965
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.19
    •  
  • 21 E Harmont Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,966 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,966 Sqft ∙ Built 1993
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kyle George Ahrens
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170442
Last Updated: 12/11/2020
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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