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
17225 N 8th Avenue 
Phoenix, AZ
85023
2 Beds 1 Baths 858 sqft
Built 1977
INVESTimate
$179,900
List Price
$53,424
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $209.67
- 3 Days on Market
- MLS # : 6122091
- Updated Date : 08/24/2020 at 18:01
CONSTRUCTION
- Beds : 2
- Floor Size : 858 sqft
- Baths : 1 full
Listing Agent
Homesmart
Listing Agent's Description
Handyman opportunity! Hurry and see today.....it will go fast. 2 bedroom/1 bath on oversized corner lot with RV gate access to back yard. Full block fencing.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,010 |
| EXPENSES | Loan Payment | -$664 |
| Property Tax | -$108 | |
| Property Insurance | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$96
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$179,900
PROJECTED PRICE
$1,010
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.85% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$53,424
LOAN DETAILS
$664
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $44,975 |
| Loan Amount | $134,925 |
8.5
YEARS SAVED
$23,524
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
-
$1,038
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
17225 N 8th Avenue Phoenix, 1
- 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $0
- $0.00
-
17202 N 16th Drive #10 Phoenix, 2
- 2 beds 1 baths ∙ 840 Sqft ∙ Built 1981 2 beds 1 baths ∙ 840 Sqft ∙ Built 1981
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,000
- $1.19
-
17602 N 8th Avenue Phoenix, 3
- 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,075
- $1.25
-
17228 N 16th Drive #4 Phoenix, 4
- 2 beds 2 baths ∙ 980 Sqft ∙ Built 1982 2 beds 2 baths ∙ 980 Sqft ∙ Built 1982
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,175
- $1.20
-
902 W Michigan Avenue Phoenix, 5
- 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,250
- $1.20
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122091
Last Updated: 08/24/2020
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.
