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802 W Villa Rita Drive Phoenix, AZ 85023

3 Beds 1 Baths 1,192 sqft Built 1978

$265,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $222.32
  • 2 Days on Market
  • MLS # : 6163276
  • Updated Date : 11/21/2020 at 11:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Welcome Home to Deer Valley Estates! Fall in love with this charming solar-powered 3 Bed, 1 Bath ranch-style home with a HUGE outdoor living space. Your new kitchen has character with adorable teal kitchen cabinetry and custom stone 4'' tile countertops and backsplash, a unique dark tile inlay in the dining area, and a walk-in pantry that doubles as a laundry room. French doors lead out to your large tiled covered patio and views of the enormous backyard complete with a storage shed and fire pit. The community is special: Deer Valley Park and Dog Park nearby, walking paths through the wash, and genuinely nice neighbors who look out for each other. Ample shopping or dining and easy access to freeways. Your new home awaits your finishing touches.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Constitution Elementary School Primary Regular 680 44 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Constitution Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 44
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$978
Property Tax -$159
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$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

4.25

YEARS SAVED

$12,377

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
  • $1,329

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3993$1,4494$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 802 W Villa Rita Drive Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1978 3 beds 1 baths ∙ 1,192 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 342 W Morrow Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1983
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.13
    •  
  • 17613 N 8th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1977
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.12
    •  
  • 302 W Wescott Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,367 Sqft ∙ Built 1983
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 18259 N 11th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Daniel Rice
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163276
Last Updated: 11/21/2020
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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