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8002 W Hammond Lane Phoenix, AZ 85043

3 Beds 2 Baths 1,434 sqft Built 2001

$295,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $205.72
  • 3 Days on Market
  • MLS # : 6206320
  • Updated Date : 03/13/2021 at 20:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,434 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Move in ready 3 bedroom 2 bathroom home with the most desirable floor plan of a split bedroom plan with a large open living room concept and vaulted ceilings with a gas fireplace. Kitchen has plenty of cabinet and counter-top space with stainless steel appliances. The master bedroom is large with a walk in closet and double vanity. Large yard with grass and fruit trees and covered patio. This home has the most desirable orientation as it is North/South facing. Brand new paint job on the exterior. Come and see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sundance Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Sun Canyon Elementary School Primary Regular 605 31 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Sun Canyon Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 31
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$1,025
Property Tax -$168
Property Insurance -$55
HOA -$51
Property Management Fees -$99
CASH FLOW
-$267

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.

$295,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,172

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,3953$1,3954$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 8002 W Hammond Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.79
    •  
  • 8310 W Watkins Street Tolleson, AZ 2
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 8330 W Watkins Street Tolleson, AZ 3
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 2001
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 3426 S 72nd Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2005
    property image
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 7241 W Williams Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
PROPERTY LISTING DETAILS
Neven P Bajlo
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206320
Last Updated: 03/13/2021
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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