Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1634 W Nancy Lane Phoenix, AZ 85041

4 Beds 3 Baths 2,349 sqft Built 2002

$359,990

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $153.25
  • 2 Days on Market
  • MLS # : 6170106
  • Updated Date : 12/12/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,349 sqft
  • Baths : 3 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

A MUST SEE OVERSIZED CORNER LOT!!! This well maintained 4 bed 3 bath and den home is located in a highly sought out South Phoenix neighborhood. Guest bedroom and full bathroom downstairs for a visitors privacy. Relax in your large backyard that makes any get together more enjoyable. Outside shed conveys.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southgate

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Southgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7811567

* 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
Ignacio Conchos School Primary Regular 413 22 3
Ignacio Conchos School Middle Regular 413 22 3
Cesar Chavez High School High Regular 2,575 131 3

Ignacio Conchos School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Ignacio Conchos School

  • Education Level: Middle
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$323,991$395,989$359,990

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,328
Property Tax -$234
Property Insurance -$73
HOA -$70
Property Management Fees -$99
CASH FLOW
$6

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.

$359,990

PROJECTED PRICE

$1,810

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.6%
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$5.0k$10k$15k

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$101,147

INVESTMENT

$101,147

Down Payment
$89,998
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,998
Loan Amount $269,993
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8103$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1634 W Nancy Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.77
    •  
  • 1523 W Saint Catherine Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 2135 W Maldonado Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 2205 W Darrel Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 6029 S 15th Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,349 Sqft ∙ Built 2004
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Francisco Navarro
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170106
Last Updated: 12/12/2020
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.

BESbswy