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1702 S 28th Avenue Phoenix, AZ 85009

4 Beds 2 Baths 1,450 sqft Built 1941

$270,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1941
  • Price/Sqft : $186.21
  • 1 Days on Market
  • MLS # : 6188029
  • Updated Date : 01/31/2021 at 03:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,450 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming 4 bed, 2 bath has been nicely remodeled. Spacious open floor plan. Plank tile floors throughout the home. New eat-in kitchen has espresso cabinets, granite counters, and white appliances. Sizable bedrooms. 2 full bathrooms. Large backyard has plenty of room to add your personal touches! Close to schools, dining, and major freeways. Great starter or investment home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Carl Hayden High School High Regular 2,080 116 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$938
Property Tax -$117
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$10

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.

$270,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,833

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
  • $1,436

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,4004$1,400
$1,400
RENT COMPS ANALYSIS
  • 1702 S 28th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1941 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1941
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3212 W Jackson Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1951
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.07
    •  
  • 1647 W Pima Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1951
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.80
    •  
  • 1725 S 22nd Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1951
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
PROPERTY LISTING DETAILS
Maria Cvetovac
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188029
Last Updated: 01/31/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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