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6243 W Camelback Road Phoenix, AZ 85033

3 Beds 2 Baths 1,614 sqft Built 1966

$357,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $221.19
  • 5 Days on Market
  • MLS # : 6205099
  • Updated Date : 03/10/2021 at 18:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story cul-de-sac home offers a patio, quartz countertops, and a two-car garage.

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
Holiday Park Elementary School Primary Regular 814 39 2
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Holiday Park Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 39
2
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$321,300$392,700$357,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$1,240
Property Tax -$215
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$463

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.

$357,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.32%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,240

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$171

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
  • $1,182

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,2504$1,3505$1,399
$1,399
RENT COMPS ANALYSIS
  • 6243 W Camelback Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5361 N 61st Avenue Glendale, AZ 2
    • 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959 4 beds 3 baths ∙ 1,791 Sqft ∙ Built 1959
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.70
    •  
  • 6334 W College Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1972
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.74
    •  
  • 3330 N 64th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6124 W Oregon Avenue Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1959
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jacqueline Moore
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205099
Last Updated: 03/10/2021
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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