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1543 W Maricopa Street Phoenix, AZ 85007

3 Beds 2 Baths 1,331 sqft Built 1940

$219,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $165.21
  • 2 Days on Market
  • MLS # : 6160561
  • Updated Date : 11/14/2020 at 00:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,331 sqft
  • Baths : 1 full , 1 half
Listing Agent

Petersen Realty

Listing Agent's Description

This home has been recently updated and is waiting for its new owner. Home features completely fenced in private yard on a huge lot! upon entry into the great room and formal dining area that is large in size home boasts three bedrooms one and a half bathrooms and inside laundry room kitchen has been nicely updated with plenty of counter space and cabinet flat top electric stove and refrigerator are included. Ceramic tile and ceiling fans throughout the house. Backyard is absolutely huge big enough for a pool all your toys and entertaining. Welcome home~

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Bethune School Primary Regular 480 25 3
Bethune School Middle Regular 480 25 3
Central High School High Regular 2,251 136 3

Bethune School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Bethune School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$811
Property Tax -$117
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$159

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.

$219,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

9.42

YEARS SAVED

$33,466

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
  • $1,402

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,2504$1,600
$1,600
RENT COMPS ANALYSIS
  • 1543 W Maricopa Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1940
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1727 W Cocopah Street Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 1954
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.12
    •  
  • 1732 W Cocopah Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 722 W Portland Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160561
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.

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