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6615 S 25th Drive Phoenix, AZ 85041

3 Beds 2 Baths 1,689 sqft Built 2004

$297,700

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $176.26
  • 4 Days on Market
  • MLS # : 6153820
  • Updated Date : 11/05/2020 at 20:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,689 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this three bed two bath single level in a great location. It has an open floor plan concept with Granite counter tops and all appliances included. Even Fridge and washer dryer. It has a split floor plan with master on one side. It also has a pebble finish pool for swimming fun.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anderson Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Anderson Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Bernard Black Elementary School Primary Regular 843 35 2
Bernard Black Elementary School Middle Regular 843 35 2
Cesar Chavez High School High Regular 2,575 131 3

Bernard Black Elementary School

  • Education Level: Primary
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Bernard Black Elementary School

  • Education Level: Middle
  • # of students: 843
  • # of teachers: 35
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$267,930$327,470$297,700

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,098
Property Tax -$194
Property Insurance -$60
HOA -$66
Property Management Fees -$99
CASH FLOW
-$37

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.

$297,700

PROJECTED PRICE

$1,480

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$84,641

INVESTMENT

$84,641

Down Payment
$74,425
Rehab Estimate
$5,750
Closing Costs
$4,466

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,098

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,425
Loan Amount $223,275
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,131

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
  • $1,533

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4254$1,5505$1,665
$1,665
RENT COMPS ANALYSIS
  • 6615 S 25th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2611 W Nancy Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2004
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
  • 6315 S 25th Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 2004
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.85
    •  
  • 2536 W Carter Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 2004
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 2512 W Darrel Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 2004
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.99
    •  
PROPERTY LISTING DETAILS
Michael Hernandez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153820
Last Updated: 11/05/2020
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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