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1129 E Hatcher Road Phoenix, AZ 85020

3 Beds 2 Baths 1,796 sqft Built 1949

$370,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $206.01
  • 6 Days on Market
  • MLS # : 6171626
  • Updated Date : 12/29/2020 at 11:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,796 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

What?? What an amazing property with so much value and flexibility. Seller updated to stay forever and it shows! Gourmet kitchen with appliances normally found in luxury homes, seller is a chef and it shows! Sellers are also artists and musicians so the third bedroom is actually a sound proof recording room-just needs a closet added for complete bedroom. The master suite is also amazing with custom jacuzzi tub and oversized shower like you would see in a luxury home. You will also love the french doors to the great room leading to the sanctuary, oversized yard with trees and plants everywhere. It's like having your own private rain forest, I have never seen anything like it in Phoenix. Then out to the rear of the yard is another small house/ workshop with water and power.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Newdale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $65k271k

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

Neighborhood: Newdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7221567

* 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
Sunnyslope Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,365
Property Tax -$221
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$87

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.

$370,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,159

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
  • $1,818

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7824$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 1129 E Hatcher Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1949
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1137 E Diana Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1959
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 1213 E Orchid Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1959
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,782
    • $1.00
    •  
  • 1229 E Mission Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1955
    property image
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.12
    •  
  • 806 E El Caminito Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
PROPERTY LISTING DETAILS
David B Rucker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171626
Last Updated: 12/29/2020
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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