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1634 N 55th Avenue Phoenix, AZ 85035

4 Beds 2 Baths 1,568 sqft Built 1971

$265,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $169.01
  • 3 Days on Market
  • MLS # : 6181117
  • Updated Date : 01/15/2021 at 16:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,568 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

WOW. This 4 bedroom and 2 bath home has been fully remodeled. The remodel includes new drywall throughout, new flooring, new paint inside and out, new cabinets, new quartz counters, new stainless steel appliances and so much more. The home has an open floor plan with barn doors that lead to the pantry/laundry area. The roof and A/C both have also just been replaced along with all the interior doors and trim. Both bathrooms have also been completely remodeled with new custom tile, cabinets and mirrors. There are also all new vinyl frame dual pane windows throughout the home. This home is truly move in ready and is almost all brand new.

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
C.w. Harris Elementary School Primary Regular 1,205 47 2
C.w. Harris Elementary School Middle Regular 1,205 47 2
Maryvale High School High Regular 2,948 132 2

C.w. Harris Elementary School

  • Education Level: Primary
  • # of students: 1,205
  • # of teachers: 47
2
GreatSchools Rating

C.w. Harris Elementary School

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 47
2
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$920
Property Tax -$160
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$33

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.

$265,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.48%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$18,610

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
  • $1,396

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,3494$1,3955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1634 N 55th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5525 W Roanoke Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.92
    •  
  • 5222 W Cypress Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.90
    •  
  • 5628 W Thomas Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 5631 W Berkeley Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Leonard Behie
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181117
Last Updated: 01/15/2021
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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