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1105 N 5th Street Phoenix, AZ 85004

1 Beds 1 Baths 778 sqft Built 1926

$325,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1926
  • Price/Sqft : $417.74
  • 4 Days on Market
  • MLS # : 6191861
  • Updated Date : 02/12/2021 at 23:19
CONSTRUCTION
  • Beds : 1
  • Floor Size : 778 sqft
  • Baths : 1 full
Listing Agent

Velo Park Properties

Listing Agent's Description

Incredibly rare opportunity to own a beautiful and stylish bungalow in the Roosevelt Row. Just a minute's walk to all of the dining and entertainment of the Roosevelt's Arts District. This quaint 1 bedroom 1 bath home has been updated while staying true to its historical charm. You'll love having a coffee and greeting friends from the front porch, cozying up in front of the wood fireplace and relaxing in the shade of your private backyard. If you'd like to live downtown but condos aren't your thing, this is your opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Evans-Churchill

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k310k

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

Neighborhood: Evans-Churchill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9341690

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$1,129
Property Tax -$173
Property Insurance -$42
Property Management Fees -$99
CASH FLOW
-$334

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.

$325,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.4%
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$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,461

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
  • $1,212

    COMP ESTIMATED VALUE
  • $1.56

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9003$9504$1,1955$1,350
$1,350
RENT COMPS ANALYSIS
  • 1105 N 5th Street Phoenix, AZ 1
    • 1 beds 1 baths ∙ 778 Sqft ∙ Built 1926 1 beds 1 baths ∙ 778 Sqft ∙ Built 1926
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1202 E Mckinley Street #unit #2 Phoenix, AZ 2
    • 1 beds 1 baths ∙ 610 Sqft ∙ Built 1936 1 beds 1 baths ∙ 610 Sqft ∙ Built 1936
    property image
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.48
    •  
  • 1221 E Portland Street #1 Phoenix, AZ 3
    • 1 beds 1 baths ∙ 625 Sqft ∙ Built 1916 1 beds 1 baths ∙ 625 Sqft ∙ Built 1916
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.52
    •  
  • 932 N 8th Street Phoenix, AZ 4
    • 1 beds 1 baths ∙ 720 Sqft ∙ Built 1916 1 beds 1 baths ∙ 720 Sqft ∙ Built 1916
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.66
    •  
  • 114 W Adams Street #403 Phoenix, AZ 5
    • 1 beds 1 baths ∙ 858 Sqft ∙ Built 1931 1 beds 1 baths ∙ 858 Sqft ∙ Built 1931
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.57
    •  
PROPERTY LISTING DETAILS
Hank E. Gries
Velo Park Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191861
Last Updated: 02/12/2021
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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