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1630 N 70th Drive Phoenix, AZ 85035

4 Beds 2 Baths 1,300 sqft Built 1976

$260,000

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $200.00
  • 2 Days on Market
  • MLS # : 6181869
  • Updated Date : 01/16/2021 at 03:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

The John Samuels Agency

Listing Agent's Description

4 bedroom 2 bath single level home features a large living room, new kitchen and freshly painted interior/exterior, New carpet. Inside laundry room. You will be amazed by the look and feel of the home. Very close to all major freeways. This home is one of a kind and you will not be able to find one like it.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$903
Property Tax -$157
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$131

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.

$260,000

PROJECTED PRICE

$1,080

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

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

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$6,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,080
1$1,0802$1,1953$1,1994$1,2005$1,425
$1,425
RENT COMPS ANALYSIS
  • 1630 N 70th Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.83
    •  
  • 2525 N 72nd Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 1835 N 64th Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.97
    •  
  • 7337 W Encanto Boulevard Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1975
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 6208 W Almeria Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1974
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
PROPERTY LISTING DETAILS
Maria Morris
The John Samuels Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181869
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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