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1741 E Marconi Avenue Phoenix, AZ 85022

3 Beds 3 Baths 3,061 sqft Built 1993

$599,999

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $196.01
  • 5 Days on Market
  • MLS # : 6153263
  • Updated Date : 11/14/2020 at 12:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,061 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Located at the foot of Lookout Mountain Preserve this house boasts a spectacular foyer with high ceilings and elegant, arched windows and a beautiful wooden staircase. A Roman column defines the entrance into the formal dining room and double-door office/den. This is only the beginning, the kitchen and bathrooms have been beautifully updated. Oh. the bedrooms, wait until you see the primary bedroom with its gorgeous sitting room. Which incidentally, could be easily converted into another bedroom. This house is beauty, space, function and fun. The pebble sheen pool and covered patio are relaxation at its best or a blast for entertaining. You will want to see this immaculate house to appreciate its care and amenities to realize what an amazing home it would be for you. Thank you

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k498k

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

Neighborhood: Paradise Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342756

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,214
Property Tax -$378
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$267

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.

$599,999

PROJECTED PRICE

$2,510

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$21,462

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
  • $2,551

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,5954$2,700
$2,700
RENT COMPS ANALYSIS
  • 1741 E Marconi Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 3,061 Sqft ∙ Built 1993 3 beds 3 baths ∙ 3,061 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1110 E Marconi Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,720 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,720 Sqft ∙ Built 1985
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 801 E Waltann Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.90
    •  
  • 14241 N 14th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Leonila Y Bustamante
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153263
Last Updated: 11/14/2020
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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