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1345 E Missouri Avenue Phoenix, AZ 85014

4 Beds 4 Baths 3,205 sqft Built 1957

$695,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1957
  • Price/Sqft : $216.85
  • 6 Days on Market
  • MLS # : 6155384
  • Updated Date : 11/04/2020 at 10:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,205 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

GREAT VALUE ON THIS NORTH CENTRAL HOME SITUATED ON A 18,713 SQUARE FOOT LOT. OLEANDERS ARE LINED THROUGHOUT THE NORTH SIDE OF THE PROPERTY OFFERING LOTS OF PRIVACY. CURRENTLY USED AS AN AIR B&B AND SELLER IS READY TO MOVE ON TO SELL THIS HOME. RECESSED LIGHTING AND CROWN MOLDING T/O. REMODELED KITCHEN WITH SOME STAINLESS STEEL APPLIANCES SUCH AS DISHWASHER AND REFRIGERATOR. GRANITE COUNTERS, WHITE CABINETS AND OPENS TO FAMILY ROOM. JUST OFF FAMILY ROOM IS GAME ROOM OR COULD BE AN OFFICE. TWO MASTER SUITES--REMODELED BATHROOMS..1 MASTER HAS A ROOM ATTACHED THAT COULD BE AN OFFICE, GYM OR NURSERY PLUS A VERY LARGE WALK IN CLOSET. HUGE ENTERTAINING BACKYARD HAS LOTS OF GRASS, FENCED DIVING POOL, RV GATE AND TOTAL PRIVACY

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sherwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k404k

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

Neighborhood: Sherwood Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341946

* 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
Madison 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

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

$625,500$764,500$695,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,564
Property Tax -$500
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
-$752

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.

$695,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 12.0%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,564

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,750

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
  • $2,895

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3953$2,7004$3,150
$3,150
RENT COMPS ANALYSIS
  • 1345 E Missouri Avenue Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1957 4 beds 4 baths ∙ 3,205 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2130 E Lawrence Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 1966
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.82
    •  
  • 2117 E Pasadena Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,908 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,908 Sqft ∙ Built 1973
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 5722 N 19th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 1965 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 1965
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.96
    •  
PROPERTY LISTING DETAILS
Bobby H Lieb
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155384
Last Updated: 11/04/2020
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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