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1417 E Marshall Avenue Phoenix, AZ 85014

2 Beds 3 Baths 2,091 sqft Built 1988

$525,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $251.08
  • 2 Days on Market
  • MLS # : 6190802
  • Updated Date : 02/06/2021 at 23:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,091 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

CADBURY COMMONS IS A TUCKED AWAY GEM. THIS IS A SMALL PRIVATE AND GATED COMMUNITY. THIS CHARMING HOME HAS BEAUTIFUL MAPLE HARDWOOD FLOORS IN ALL THE MAIN LIVING AREAS PLUS SOME MAPLE CABINETRY IN THE GREAT ROOM. DUAL PANE WINDOWS THROUGHOUT AND GLASS BLOCK IN THE GREAT ROOM ALLOWS NATURAL LIGHT AND PRIVACY. MASTER BEDROOM AND SECOND BEDROOM DOWNSTAIRS AND SPACIOUS LOFT WITH 3/4 BATH UPSTAIRS PLUS BUILT IN CABINETRY. KITCHEN HAS QUARTZ COUNTER TOPS AND ALL APPLIANCES STAY .TRANE AIR CONDITIONER ONLY ABOUT ONE YEAR OLD. LOCATION IS CONVENIENT TO SHOPPING AND RESTAURANTS

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cadbury Commons

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k491k

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

Neighborhood: Cadbury Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342175

* 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 Regular 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
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,824
Property Tax -$405
Property Insurance -$68
HOA -$50
Property Management Fees -$99
CASH FLOW
-$246

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.

$525,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$11,406

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
  • $2,316

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2994$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 1417 E Marshall Avenue Phoenix, AZ 1
    • 2 beds 3 baths ∙ 2,091 Sqft ∙ Built 1988 2 beds 3 baths ∙ 2,091 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4410 N 27th Street #6 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,930 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,930 Sqft ∙ Built 2007
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 140 W Victoria Square Phoenix, AZ 3
    • 2 beds 3 baths ∙ 2,298 Sqft ∙ Built 1973 2 beds 3 baths ∙ 2,298 Sqft ∙ Built 1973
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.00
    •  
  • 2470 E Roma Avenue Phoenix, AZ 4
    • 2 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006 2 beds 3 baths ∙ 2,140 Sqft ∙ Built 2006
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
  • 5674 N 12th Street Phoenix, AZ 5
    • 2 beds 2 baths ∙ 2,404 Sqft ∙ Built 1971 2 beds 2 baths ∙ 2,404 Sqft ∙ Built 1971
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Elaine Felix
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190802
Last Updated: 02/06/2021
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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