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1347 E Marshall Avenue Phoenix, AZ 85014

3 Beds 3 Baths 2,523 sqft Built 1955

$750,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $297.27
  • 4 Days on Market
  • MLS # : 6210930
  • Updated Date : 03/26/2021 at 17:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,523 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Great Location near Biltmore. Ready to move in home. New roof just completed in February 2021. Large Corner lot just over 12,000 sf with an RV Gate. NO HOA. Paved Driveway and Entryway. Home has 3 Bedrooms plus Office with built in desk and cabinets, 2.5 bathrooms. Upgraded windows and French doors. Large covered patio. Large kitchen with tons of cabinets. Kitchen looks out to the Family room.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Robbins Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k518k

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

Neighborhood: Robbins Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342266

* 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 Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Unknown NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,605
Property Tax -$539
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
-$779

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.

$750,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,665

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,540

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,845

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5403$2,6504$2,8005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1347 E Marshall Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 1955 3 beds 3 baths ∙ 2,523 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.01
    •  
  • 1310 E Missouri Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 201 E Berridge Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 1969
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.22
    •  
  • 2540 E Glenrosa Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 1949 3 beds 3 baths ∙ 2,368 Sqft ∙ Built 1949
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.18
    •  
  • 1739 E Ocotillo Road Phoenix, AZ 5
    • 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957 4 beds 4 baths ∙ 2,700 Sqft ∙ Built 1957
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Steven Haji
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210930
Last Updated: 03/26/2021
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.

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