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7751 W Eaton Road Phoenix, AZ 85035

3 Beds 2 Baths 1,934 sqft Built 2013

$265,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $137.02
  • 2 Days on Market
  • MLS # : 6165511
  • Updated Date : 11/27/2020 at 23:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Home Centric Real Estate, Llc

Listing Agent's Description

HONEY STOP THE CAR! This Beautiful 3 Bedroom, 2.5 Bath Home is located in a beautiful community, featuring a Community Pool, Spa, Children's Play Ground, Multiple Parks, Basketball Court, Walking/Biking Paths, & Numerous Ramada's. This Gorgeous Home Includes an Open Floor Plan Great for Entertaining, a Gorgeous Kitchen with a Large Kitchen Island, & Stainless Steel Appliances. Upstairs includes a GINORMOUS Master Suite including a LARGE Walk In Closet, Private Master Bathroom with Large Vanity, Private Toilet Room, Large Soaking Tub, & Walk In Shower. Two Additional Bedrooms, a Bathroom, and Laundry are located Upstairs. Enjoy the close proximity to many Dining & Shopping options, as well as easy access to the freeway! THIS IS A MUST SEE!!!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691567

* 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
Manuel Pena Jr. Elementary School Primary Regular 923 38 2
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Manuel Pena Jr. Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 38
2
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$978
Property Tax -$160
Property Insurance -$65
HOA -$120
Property Management Fees -$99
CASH FLOW
$9

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.

$265,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,236

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
  • $1,538

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4504$1,5505$1,568
$1,568
RENT COMPS ANALYSIS
  • 7751 W Eaton Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8351 W Vernon Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 2008 N 78th Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 2008
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 7949 W Brill Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2007
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 7821 W Pike Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,934 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,568
    • $0.81
    •  
PROPERTY LISTING DETAILS
Roberta M Joseph
Home Centric Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165511
Last Updated: 11/27/2020
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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