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1718 W Hadley Street Phoenix, AZ 85007

3 Beds 2 Baths 1,482 sqft Built 1948

$230,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $155.20
  • 3 Days on Market
  • MLS # : 6165244
  • Updated Date : 11/27/2020 at 12:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,482 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

INVESTORS WANTED! (This sale also comes with the lot to the east, lot 21 (1714 E Hadley), and each lot is 6,668, for a total of 13,336sqft!) Great cash flow property as-is, (currently has a tenant that would like to stay in the main home), or would make for a good rehab project as well! Main home is 890sqft, with 2 bed/1 bath, and guest home is 592sqft, with 1 bed/1 bath. Main home also has newer triple pane windows, insulation, and AC! Act fast to add this one to your portfolio! This home would also be great for those looking to live with family on the same property, but with separate homes! Call to schedule your showing today!

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
Bethune School Primary Regular 480 25 3
Bethune School Middle Regular 480 25 3
Central High School High Regular 2,251 136 3

Bethune School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Bethune School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$849
Property Tax -$123
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$116

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.

$230,000

PROJECTED PRICE

$1,010

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,465

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
  • $1,282

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,400
$1,400
RENT COMPS ANALYSIS
  • 1718 W Hadley Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1732 W Cocopah Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1955
    LEASED 06/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Lee Cunningham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165244
Last Updated: 11/27/2020
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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