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1621 N 73rd Avenue Phoenix, AZ 85035

3 Beds 2 Baths 1,878 sqft Built 1975

$230,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $122.47
  • 5 Days on Market
  • MLS # : 6192308
  • Updated Date : 02/10/2021 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,878 sqft
  • Baths : 2 full
Listing Agent

H & H Management Inc

Listing Agent's Description

Property sold as is with no repairs. Good investment property. Cash or Conv. only. All offers will be presented on February 16

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Peralta Elementary School Primary Regular 928 41 2
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Trevor Browne High School High Regular 3,077 144 3

Peralta Elementary School

  • Education Level: Primary
  • # of students: 928
  • # of teachers: 41
2
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$799
Property Tax -$139
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$290

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.

$230,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$42,183

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
  • $1,526

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,3254$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 1621 N 73rd Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7044 W Taylor Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1985
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.82
    •  
  • 2534 N 87th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1990
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.84
    •  
  • 3330 N 64th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 7130 W Avalon Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jean A Danielson
H & H Management Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192308
Last Updated: 02/10/2021
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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