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716 E Dobbins Road Phoenix, AZ 85042

2 Beds 1 Baths 1,050 sqft Built 1971

$219,900

List Price

$1,050

$945 - $1.2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $209.43
  • 24 Days on Market
  • MLS # : 6151193
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

Superstars Realty

Listing Agent's Description

Move in ready! Perfect for a first time buyer or investor! Recently refreshed with new paint, appliances and fixtures throughout! Featuring 2 bedrooms, 1 bathroom and inside laundry the space is very open and usable! The exterior has plenty of storage and easy to maintain desert landscaping with great mountain views! Very close to downtown and easy access to freeways, this one is a must see! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Club Villa Garden Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $70k271k

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

Neighborhood: Country Club Villa Garden Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6781567

* 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
Maxine O. Bush Elementary School Primary Regular 451 22 2
Maxine O. Bush Elementary School Middle Regular 451 22 2
South Mountain High School High Regular 1,706 102 2

Maxine O. Bush Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

Maxine O. Bush Elementary School

  • Education Level: Middle
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

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

PURCHASE PRICE

$945$1,155$1,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,050
EXPENSES Loan Payment -$811
Property Tax -$143
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$51

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.

$219,900

PROJECTED PRICE

$1,050

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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 50% 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

4.5

YEARS SAVED

$11,446

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,050

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,045

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$815
1$8152$9753$1,050
$1,050
RENT COMPS ANALYSIS
  • 716 E Dobbins Road Phoenix, AZ 3
    • 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1971 2 beds 1 baths ∙ 1,050 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.00
    •  
  • 331 W Carson Road #2 Phoenix, AZ 1
    • 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958 2 beds 1 baths ∙ 850 Sqft ∙ Built 1958
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $815
    • $0.96
    •  
  • 6401 S 4th Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 946 Sqft ∙ Built 1954 2 beds 1 baths ∙ 946 Sqft ∙ Built 1954
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.03
    •  
PROPERTY LISTING DETAILS
Arthur Welch
Superstars Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151193
Last Updated: 11/13/2020
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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