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1501 W Tuckey Lane Phoenix, AZ 85015

3 Beds 2 Baths 1,718 sqft Built 1964

$375,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $218.28
  • 2 Days on Market
  • MLS # : 6203412
  • Updated Date : 03/06/2021 at 15:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,718 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Original estate sale home 3 bedroom, 2 bath, 2 car garage with no HOA and large N/S exposure lot in central Phoenix! Solid block home built in 1964 purchased from the original estate and ready for you to make your dream home. Mid century home with original carved front door, kitchen open to family room with wood burning fireplace, formal living with original post beam formal dining room. Hard to find attached 2 car garage plus you can add an RV gate to exterior block wall fence for additional parking if needed! Architectural shingle roof by Scott Roofing installed in 2010. HVAC electric plus gas heating replaced approximately 12-15 years ago.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryland Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k318k

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

Neighborhood: Maryland Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621648

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,303
Property Tax -$224
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$86

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.

$375,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,628

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
  • $1,606

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4954$1,5955$1,600
$1,600
RENT COMPS ANALYSIS
  • 1501 W Tuckey Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1964
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1725 W Marlette Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1970
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 1812 W Claremont Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 1970
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 1814 W Vista Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 6837 N 8th Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1955 3 beds 3 baths ∙ 1,712 Sqft ∙ Built 1955
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Donald C Galloway Jr
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203412
Last Updated: 03/06/2021
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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