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1205 W Missouri Avenue Phoenix, AZ 85013

3 Beds 3 Baths 1,724 sqft Built 1956

$489,900

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $284.16
  • 8 Days on Market
  • MLS # : 6160933
  • Updated Date : 11/16/2020 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,724 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Prime Location 2 Master Bedrooms, Magnificent Newly remodel top to bottom, with professional decoration touches that incorporates Wood, Iron and Stone , New Solid wood kitchen Cabinets, Custom Quartz Calacatta counter tops in Kitchen and bathrooms, Stylish accent lighting fixtures throughout the house, Led Lighting High Efficiently throughout with SMART Switches, New Double pane Windows, Newer Roof, Top quality Kitchen and Bath fixtures, Raised tile details on bathroom walls, New Stainless Steel Appliances, Individual mini Split in Office/Den and Guest Room, Professionally Landscape with U stone driveway for easy Access, New Front and Back Yard Pergola, New Wooded fence for privacy, New Ceiling fans, Tile Floors and Top quality Carpet, Blue tooth speakers, Syntetich Stucco.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $91k320k

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

Neighborhood: Camelback Village

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
Solano School Primary Alternative 613 30 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Solano School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 30
3
GreatSchools Rating

Osborn Middle School

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

Central High School

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

$440,910$538,890$489,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,808
Property Tax -$258
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$535

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.

$489,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.2%
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$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,357

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
  • $1,862

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,7954$1,9955$1,999
$1,999
RENT COMPS ANALYSIS
  • 1205 W Missouri Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1956 3 beds 3 baths ∙ 1,724 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5548 N 12th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1950
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 1313 W San Miguel Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1950
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 1103 W Marshall Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 1950
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.15
    •  
  • 5812 N 14th Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 1951
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carlos Contreras
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160933
Last Updated: 11/16/2020
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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