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1326 E Almeria Road Phoenix, AZ 85006

3 Beds 1 Baths 1,296 sqft Built 1940

$330,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $254.63
  • 4 Days on Market
  • MLS # : 6167124
  • Updated Date : 12/03/2020 at 11:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 1 full
Listing Agent

Delex Realty

Listing Agent's Description

Location, location, location! This property is in the heart of Phoenix in Coronado, near University Medical Center, quick access to both the 51 and I-10 highways. Property has new roof, plenty of green trees and shrubs throughout. Tile throughout the home. Make this home your own. Buyers to verify all facts and figures.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k311k

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

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Whittier School Primary Regular 505 23 2
Whittier School Middle Regular 505 23 2
North High School High Regular 2,616 128 5

Whittier School

  • Education Level: Primary
  • # of students: 505
  • # of teachers: 23
2
GreatSchools Rating

Whittier School

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 23
2
GreatSchools Rating

North High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,218
Property Tax -$188
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$147

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.

$330,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,946

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
  • $1,565

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 1326 E Almeria Road Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1940 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 917 E Granada Road #3 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.21
    •  
  • 1641 N 11th Street Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,228 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,228 Sqft ∙ Built 1930
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.18
    •  
  • 1733 E Willetta Street Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,196 Sqft ∙ Built 1944
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.25
    •  
  • 1313 E Brill Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
PROPERTY LISTING DETAILS
Jorge J Peralta
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167124
Last Updated: 12/03/2020
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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