Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1443 E Griswold Road Phoenix, AZ 85020

3 Beds 2 Baths 1,580 sqft Built 1958

$435,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $275.32
  • 3 Days on Market
  • MLS # : 6160211
  • Updated Date : 11/14/2020 at 15:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

WELCOME HOME! THIS AMAZING HOME DOES NOT DISAPPOINT AND WILL GO FAST! Come see this wonderful home sitting in a hidden gem of an highly desirable uptown neighborhood, surrounded by the mountain preserve and close to all amenities including hiking, biking & restaurants. Enter into the open floor plan with 3 bedrooms, 2 bathrooms and extra space for an office. Out back you'll find an inviting patio & pool to enjoy with family and friends with a green & grassy area for your furry companions, a lime tree and a variety of lush greenery. Investors, Home was used as a successful AirBnB over the last few years.Come see today as this will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dreamy Draw Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k308k

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

Neighborhood: Dreamy Draw Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8801585

* 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
Desert View Elementary School Primary Regular 454 29 3
Royal Palm Middle School Middle Regular 725 41 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Royal Palm Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,605
Property Tax -$260
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$81

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.

$435,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$25,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,7503$1,8504$1,9005$1,940
$1,940
RENT COMPS ANALYSIS
  • 1443 E Griswold Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.23
    •  
  • 1001 E Seldon Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1959
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.11
    •  
  • 1042 E El Camino Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1958
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.25
    •  
  • 1026 E Northern Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1958
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.25
    •  
  • 1314 E Diana Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1961
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.34
    •  
PROPERTY LISTING DETAILS
Julie Stevens
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160211
Last Updated: 11/14/2020
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.

BESbswy