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1228 N 28th Street 
Phoenix, AZ
85008
1 Beds 1 Baths 763 sqft
Built 1943
INVESTimate
$179,900
List Price
$53,424
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PROPERTY INFO
FACTS
- Built In 1943
- Price/Sqft : $235.78
- 2 Days on Market
- MLS # : 6119105
- Updated Date : 08/25/2020 at 11:25
CONSTRUCTION
- Beds : 1
- Floor Size : 763 sqft
- Baths : 1 full
Listing Agent
Realty One Group
Listing Agent's Description
Absolutely Beautiful 1 Bedroom + Den, 1 Bath Single Family Home Located in Central Phoenix, Front Enclosed Entryway, Remodeled Kitchen w/Appliances Included, Eat-In Kitchen Dining, Family Room, Dual Pane Windows, Newer Flooring, Den Could Be Used As 2nd Bedroom or Office, Large Shed/Workshop In Backyard, RV Gate & RV Parking, NO HOA, Come Check It Out!
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PRICE & RENT TRENDS
Neighborhood: Del Rey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Del Rey
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $890 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$114 | |
| Property Insurance | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$29
|
||
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.
$179,900
PROJECTED PRICE
$890
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
5
YEARS SAVED
$10,509
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
-
$940
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
1228 N 28th Street Phoenix, 1
- 1 beds 1 baths ∙ 763 Sqft ∙ Built 1943 1 beds 1 baths ∙ 763 Sqft ∙ Built 1943
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1804 N 31st Place Phoenix, 2
- 1 beds 1 baths ∙ 564 Sqft ∙ Built 1950 1 beds 1 baths ∙ 564 Sqft ∙ Built 1950
LEASED 10/28/19- Rent
- Rent Per SQFT
- $700
- $1.24
-
3122 E Hubbell Street #f Phoenix, 3
- 1 beds 1 baths ∙ 620 Sqft ∙ Built 1950 1 beds 1 baths ∙ 620 Sqft ∙ Built 1950
LEASED 07/03/20- Rent
- Rent Per SQFT
- $795
- $1.28
-
3433 E Willetta Street Phoenix, 4
- 1 beds 1 baths ∙ 650 Sqft ∙ Built 1954 1 beds 1 baths ∙ 650 Sqft ∙ Built 1954
LEASED 12/31/19- Rent
- Rent Per SQFT
- $800
- $1.23
-
1913 N 25th Place #a Phoenix, 5
- 1 beds 1 baths ∙ 750 Sqft ∙ Built 1945 1 beds 1 baths ∙ 750 Sqft ∙ Built 1945
LEASED 06/17/20- Rent
- Rent Per SQFT
- $885
- $1.18
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119105
Last Updated: 08/25/2020
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.
