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1330 W Roosevelt Street Phoenix, AZ 85007

3 Beds 1 Baths 871 sqft Built 1924

INVESTimate

$319,900

List Price

$1,070

$963 - $1,177

Rent Est.

$343,445  ( +7.36%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1924
  • Price/Sqft : $367.28
  • 6 Days on Market
  • MLS # : 6120572
  • Updated Date : 08/21/2020 at 08:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 871 sqft
  • Baths : 1 full
Listing Agent

Offerpad

Listing Agent's Description

The opportunities are endless with this FQ Story Historic District home zoned for both commercial (C2 zoning) and residential uses. Large lot with front and rear entrances. Renovated in 2014, this home offers 3 bedrooms, 1 bathroom, extended covered patio space, and parking options front and rear. Bring your imagination, and take advantage of this unique opportunity while it lasts!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Story

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k357k

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

Neighborhood: Story

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8971765

* 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
Kenilworth School Primary Regular 591 27 4
Kenilworth School Middle Regular 591 27 4
Central High School High Regular 2,251 136 3

Kenilworth School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 27
4
GreatSchools Rating

Kenilworth School

  • Education Level: Middle
  • # of students: 591
  • # of teachers: 27
4
GreatSchools Rating

Central High School

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

$287,910$351,890$319,900

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$1,180
Property Tax -$180
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$433

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.

$319,900

PROJECTED PRICE

$1,070

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.36%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$294

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
  • $1,036

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1003$1,2494$1,395
$1,395
RENT COMPS ANALYSIS
  • 1330 W Roosevelt Street Phoenix, 1
    • 3 beds 1 baths ∙ 871 Sqft ∙ Built 1924 3 beds 1 baths ∙ 871 Sqft ∙ Built 1924
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 313 N 18th Avenue #r Phoenix, 2
    • 3 beds 2 baths ∙ 900 Sqft ∙ Built 1926 3 beds 2 baths ∙ 900 Sqft ∙ Built 1926
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.22
    •  
  • 1907 W Monte Vista Road Phoenix, 3
    • 4 beds 1 baths ∙ 1,096 Sqft ∙ Built 1935 4 beds 1 baths ∙ 1,096 Sqft ∙ Built 1935
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $1.14
    •  
  • 917 E Granada Road #3 Phoenix, 4
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.21
    •  
PROPERTY LISTING DETAILS
William Boehler
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120572
Last Updated: 08/21/2020
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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