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1727 W Roma Avenue Phoenix, AZ 85015

4 Beds 2 Baths 1,806 sqft Built 1948

$450,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $249.17
  • 3 Days on Market
  • MLS # : 6209127
  • Updated Date : 03/20/2021 at 22:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

INCREDIBLE OPPORTUNITY TO CALL THIS DREAM HOME YOUR OWN. Amazing upgrades throughout the house including these 2020 updates: Kitchen, Salt Water Pool that heats and cools, OWNED solar system, and new electrical panel. This house has it all and is MOVE IN READY! Single level, contiguous flooring, updated bathrooms, meticulously cared for, HUGE LOT SIZE, backs to the canal, north/south exposure. Fantastic location in the heart of town with tons of eateries and entertainment. Easy access to light rail and I-17 freeway, and only minutes away from Downtown Phoenix. VERY RARE to find such a complete house in this pristine condition. This home will certainly be under contract within days of being active on the market, so don't hesitate to make a strong offer and beat out the competition!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bonnie Lea

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Bonnie Lea

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7921567

* 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
Encanto School Primary Alternative 664 32 3
Osborn Middle School Middle Alternative 565 30 5
Central High School High Regular 2,251 136 3

Encanto School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 32
3
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

Central High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,563
Property Tax -$237
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$412

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.

$450,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,858

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4753$1,4954$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1727 W Roma Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,806 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
  • 4646 N 19th Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 4654 N 19th Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1967 4 beds 3 baths ∙ 1,680 Sqft ∙ Built 1967
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 1629 W Hazelwood Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1965
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 1716 W Devonshire Avenue Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1949
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jeff Fields
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209127
Last Updated: 03/20/2021
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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