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1201 E Edgemont Avenue Phoenix, AZ 85006

4 Beds 4 Baths 2,500 sqft Built 1955

$799,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $319.60
  • 37 Days on Market
  • MLS # : 6168109
  • Updated Date : 01/09/2021 at 06:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,500 sqft
  • Baths : 4 full
Listing Agent

Mynd Property Management

Listing Agent's Description

BACK ON MARKET.!!!!Gorgeous, Mid-Century modern. Come and marvel at this thoughtfully designed home in one of the most sought after neighborhoods in Phoenix. Enjoy the perfect fusion of new modern updates, blended perfectly with the characteristics of the original home. Over 500 feet of new livable space in. cluding a beautiful new master suite with modern Milgard sliding glass doors out to your refreshing new pool and completely updated backyard with 30'' pavers throughout, and warm inviting fire pit. Enjoy 4 full bedrooms and 4 full bathrooms, and included ins all that livable footage, enjoy the completely redesigned stand alone casita that can be used as a rental for income or a great space for guests and family. We haven't even begun to talk about the amazing new kitc

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Country Club Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k388k

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

Neighborhood: South Country Club Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$2,775
Property Tax -$421
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$1,041

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.

$799,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.3%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$325

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
  • $3,200

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8503$3,2004$3,495
$3,495
RENT COMPS ANALYSIS
  • 1201 E Edgemont Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 1955 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1144 W Edgemont Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950 4 beds 3 baths ∙ 2,351 Sqft ∙ Built 1950
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.21
    •  
  • 1011 W Coronado Road Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 1952
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.23
    •  
  • 1819 N 11th Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.40
    •  
PROPERTY LISTING DETAILS
Blaine L Jarvis
Mynd Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168109
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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