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7825 W Bonitos Drive Phoenix, AZ 85035

3 Beds 3 Baths 1,452 sqft Built 2013

$235,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $161.85
  • 3 Days on Market
  • MLS # : 6164611
  • Updated Date : 11/28/2020 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Amazing location! 1-10 W & 79th Ave. Single family detached, 2 story, 3 bedroom, 2.5 bath, 1 car garage house in the beautiful Vinsanto subdivision. Bright, airy kitchen & dining area with sliding door to the cozy backyard. Well lit Family room with easy to clean porcelain wood like floor tiles. Updated upstiars bathrooms with matching wood look tile and brand new light fixtures. All brand new ceiling fans throughout! Dual pane windows! Nice size bedrooms fits bedroom furniture well. Master bedroom with walk in closet. Updated Plenty of storage space in this house! Tree lined streets,lush green grass areas and community pool makes Vinsanto desired subdivision. HOA maintains front yard!

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$867
Property Tax -$142
Property Insurance -$56
HOA -$120
Property Management Fees -$99
CASH FLOW
-$173

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.

$235,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,3503$1,3954$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 7825 W Bonitos Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,452 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.76
    •  
  • 8322 W Lewis Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,449 Sqft ∙ Built 2007
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 7762 W Alvarado Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 2531 N 73rd Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 1419 N 79th Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2008
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kaula Goodman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164611
Last Updated: 11/28/2020
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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