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1712 W Cocopah Street Phoenix, AZ 85007

4 Beds 2 Baths 1,347 sqft Built 1955

$275,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $204.16
  • 4 Days on Market
  • MLS # : 6205837
  • Updated Date : 03/14/2021 at 04:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,347 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Oh the joy when a remodel is done right! This one is beyond gorgeous. Laminate wood floors and tile throughout. A beautiful kitchen that will inspire you to cook. The large master bedroom and bathroom oasis will be that place of beauty, calm and peace you have been looking for. Plus 3 additional generously sized bedrooms (4 total!) and 2nd beautifully remodeled bathroom. The property is completely fenced in both front and backyards, and has a large RV gate and parking area in the rear in addition to gated parking in front. Fully landscaped front and backyards including watering systems. List of updates is extensive. Ready for your move in. Welcome home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
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
 

$247,500$302,500$275,000

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 -$955
Property Tax -$147
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$54

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.

$275,000

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) 13.7%
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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2003$1,400
$1,400
RENT COMPS ANALYSIS
  • 1712 W Cocopah Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,347 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,347 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 1727 W Cocopah Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 1954 3 beds 1 baths ∙ 1,027 Sqft ∙ Built 1954
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.12
    •  
  • 1725 S 22nd Avenue Phoenix, AZ 3
    • 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
Abbas Mohammadian
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205837
Last Updated: 03/14/2021
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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