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1739 E Ocotillo Road Phoenix, AZ 85016

4 Beds 4 Baths 2,802 sqft Built 1957

$725,000

List Price

$3,090

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $258.74
  • 2 Days on Market
  • MLS # : 6263302
  • Updated Date : 07/13/2021 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,802 sqft
  • Baths : 4 full
Listing Agent

Desert North Realty

Listing Agent's Description

Charming cul-de-sac home with views of the Phoenix Mountain Preserve. Custom home featuring 3 generously sized bedrooms/3bathrooms in the main house. Gas cooktop, corian counters, hickory wood floors and tile throughout the home. Primary bedroom features a large cedar-lined closet & attached en suite. Backyard boasts a beautiful pool, grassy area, storage unit & workshop. Attached Mother-In-Law Suite includes a kitchen, living room, private entrance, 1 bedroom & 1 bathroom. With the natural division to separate out the mother in law suite from the main house, it has performed well as a fully furnished rental in the past. Options are unlimited with this one of kind home located in North Central Phoenix. The cherry on top is there is NO HOA, call today to book your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Beverly Villa

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k442k

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

Neighborhood: Beverly Villa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342345

* 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
Madison Heights Elementary School Primary Regular 538 30 8
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$2,518
Property Tax -$521
Property Insurance -$82
Property Management Fees -$99
CASH FLOW
-$130

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.

$725,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$30,214

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,090

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,727

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$3,090
1$3,0902$3,3003$3,4004$4,500
$4,500
RENT COMPS ANALYSIS
  • 1739 E Ocotillo Road Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,802 Sqft ∙ Built 1957 4 beds 4 baths ∙ 2,802 Sqft ∙ Built 1957
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $1.10
    •  
  • 20 E Northview Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954 4 beds 3 baths ∙ 2,805 Sqft ∙ Built 1954
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.18
    •  
  • 2035 E Orangewood Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,615 Sqft ∙ Built 1973
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.30
    •  
  • 7516 N 10th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 1971
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.51
    •  
PROPERTY LISTING DETAILS
Jacob Chapman
Desert North Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263302
Last Updated: 07/13/2021
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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