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1625 W Eugie Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,064 sqft Built 1970

$238,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $223.68
  • 2 Days on Market
  • MLS # : 6165610
  • Updated Date : 11/28/2020 at 13:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Original 3 bed/2 bath home well situated in a nice Moon Valley neighborhood that is well kept and close to Thunderbird High School. This would make a wonderful family home - no strange additions or changes, just a clean slate to create your dream home. Great backyard with southern exposure and mountain views. Vacant and easy to show.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Moon Mountain Elementary School Primary Regular 779 43 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Moon Mountain Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$214,200$261,800$238,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$878
Property Tax -$142
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$97

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.

$238,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,820

INVESTMENT

$68,820

Down Payment
$59,500
Rehab Estimate
$5,750
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$9,624

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
  • $1,051

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8493$9004$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 1625 W Eugie Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1520 W Sahuaro Drive #c Phoenix, AZ 2
    • 3 beds 1 baths ∙ 850 Sqft ∙ Built 1958 3 beds 1 baths ∙ 850 Sqft ∙ Built 1958
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $849
    • $1.00
    •  
  • 11029 N 16th Avenue Phoenix, AZ 3
    • 3 beds 1 baths ∙ 900 Sqft ∙ Built 1964 3 beds 1 baths ∙ 900 Sqft ∙ Built 1964
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.00
    •  
  • 2502 W Larkspur Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 14225 N 26th Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Shelly Lane
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165610
Last Updated: 11/28/2020
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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