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1409 W Ocotillo Road Phoenix, AZ 85013

4 Beds 2 Baths 2,174 sqft Built 1976

$518,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $238.27
  • 4 Days on Market
  • MLS # : 6186582
  • Updated Date : 01/29/2021 at 15:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,174 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful Phoenix home located on a private Cul De Sac with a welcoming shaded front courtyard perfect for enjoying your morning cup of coffee. Minutes from golf, dining, and shopping with NO HOA! Walk into a freshly painted home (inside and out) with newly sealed brick front/dining area. Brand new flooring installed, S/S appliances, new washer/dryer, and fans throughout! Enjoy the vaulted kitchen ceilings and huge walk in pantry. Home has 4 spacious rooms. Master includes his and hers closets as well as access to the backyard patio. Diving pool in backyard will keep you cool in the hot AZ sun while the fireplace inside will keep you warm during the cooler months. Smores anyone? Fruit trees too! Room for a garden (or dog run) on the side of home and extra gated storage area behind garage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Washington High School High Regular 1,714 73 4

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$466,200$569,800$518,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,799
Property Tax -$332
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$40

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.

$518,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,020

INVESTMENT

$143,020

Down Payment
$129,500
Rehab Estimate
$5,750
Closing Costs
$7,770

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,500
Loan Amount $388,500
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$27,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,467

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2603$2,4004$2,4505$2,700
$2,700
RENT COMPS ANALYSIS
  • 1409 W Ocotillo Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,174 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,174 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.04
    •  
  • 7529 N 8th Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 1956 3 beds 3 baths ∙ 2,122 Sqft ∙ Built 1956
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.03
    •  
  • 6146 N 9th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1958 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1958
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.07
    •  
  • 1516 W Glenn Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1970
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.21
    •  
  • 1422 W Mclellan Boulevard Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1978
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.23
    •  
PROPERTY LISTING DETAILS
Joanna Ptak
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186582
Last Updated: 01/29/2021
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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