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5502 W Campbell Avenue Phoenix, AZ 85031

5 Beds 2 Baths 1,570 sqft Built 1957

$275,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $175.16
  • 2 Days on Market
  • MLS # : 6163412
  • Updated Date : 11/20/2020 at 22:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,570 sqft
  • Baths : 1 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

HURRY!!! Come check this beautiful home centrally located. Pool, new flooring, new roof, new wiring, new front patio, kitchen, and much more. This home is a rare find in this sought neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
John F. Long Elementary School Primary Regular 866 40 3
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

John F. Long Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 40
3
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$1,015
Property Tax -$166
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$237

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.

$275,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,284

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2993$1,3454$1,399
$1,399
RENT COMPS ANALYSIS
  • 5502 W Campbell Avenue Phoenix, AZ 1
    • 5 beds 2 baths ∙ 1,570 Sqft ∙ Built 1957 5 beds 2 baths ∙ 1,570 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.70
    •  
  • 5826 W Campbell Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.77
    •  
  • 6241 W Wolf Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
  • 6124 W Oregon Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.73
    •  
PROPERTY LISTING DETAILS
Armando Juarez
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163412
Last Updated: 11/20/2020
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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