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17225 N 8th Avenue Phoenix, AZ 85023

2 Beds 1 Baths 858 sqft Built 1977

INVESTimate

$179,900

List Price

$1,010

$909 - $1,111

Rent Est.

$192,223  ( +6.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Constitution Elementary School Primary Regular 680 44 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Constitution Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 44
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$161,910$197,890$179,900

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$53,424

INVESTMENT

$53,424

Down Payment
$44,975
Rehab Estimate
$5,750
Closing Costs
$2,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,975
Loan Amount $134,925
See What Happens When You Reinvest Cash Flow

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
$0
1$02$1,0003$1,0754$1,1755$1,250
$1,250
RENT COMPS ANALYSIS
  • 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
Steven Moore
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122091
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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