Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1320 E Ruth Avenue Phoenix, AZ 85020

3 Beds 2 Baths 1,970 sqft Built 1959

$449,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $228.38
  • 2 Days on Market
  • MLS # : 6206714
  • Updated Date : 03/12/2021 at 23:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,970 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Excalibur

Listing Agent's Description

Don't miss this beautiful home on a premium corner lot with amazing mountain views! Inviting open floor plan - 1,970 foot 3 bed 2 bath with 2 car garage, plus a bonus office/den. Impeccable upgraded and maintained. New roof 2019, new Trane heat pump 2020, new water heater 2018, new pool pump, filter & cleaner 2019, new front & rear landscaping & block fence, newer electric. Enjoy the mountain views from your sparkling pool. Tremendous location - close to hiking trails, excellent restaurants, shopping and freeways. Priced to sell immediately!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ocotillo Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Ocotillo Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8381567

* 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
Desert View Elementary School Primary Regular 454 29 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Sunnyslope High School

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

$404,910$494,890$449,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,563
Property Tax -$268
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$256

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.

$449,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,494

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
  • $1,891

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6853$1,8754$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 1320 E Ruth Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1023 E El Camino Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,962 Sqft ∙ Built 1958
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.86
    •  
  • 806 E El Caminito Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 1956
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.96
    •  
  • 7757 N 12th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,960 Sqft ∙ Built 1954
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.02
    •  
  • 1117 E El Caminito Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1959 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1959
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sean Gaughan
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206714
Last Updated: 03/12/2021
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.

BESbswy