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1701 E Carson Road Phoenix, AZ 85042

3 Beds 2 Baths 1,199 sqft Built 1988

INVESTimate

$255,000

List Price

$1,230

$1,107 - $1,353

Rent Est.

$285,269  ( +11.87%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $212.68
  • 6 Days on Market
  • MLS # : 6119413
  • Updated Date : 08/24/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,199 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Look no further! Perfect starter with 3 bedrooms and 2 full baths. The master bedroom is spacious and has a large walk in closet and sliding door leading to the backyard. The backyard has plenty of space for your own creativity. The home sits on a corner lot. Freshly painted interior & exterior. Fully renovated kitchen and bathrooms. New carpet & tile. NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$941
Property Tax -$163
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$23

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.

$255,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.87%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$16,409

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,2753$1,3504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 1701 E Carson Road Phoenix, 1
    • 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.03
    •  
  • 1411 E Saint Catherine Avenue Phoenix, 2
    • 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1995
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.03
    •  
  • 1710 E Greenway Circle Phoenix, 3
    • 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,199 Sqft ∙ Built 1986
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 1522 E Beverly Road Phoenix, 4
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2004
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.10
    •  
  • 8018 S 15th Way Phoenix, 5
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2004
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.14
    •  
PROPERTY LISTING DETAILS
Adriana Hernandez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119413
Last Updated: 08/24/2020
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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