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1807 W Pollack Street Phoenix, AZ 85041

4 Beds 3 Baths 2,245 sqft Built 2019

INVESTimate

$320,000

List Price

$1,960

$1,764 - $2,156

Rent Est.

$357,984  ( +11.87%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $142.54
  • 4 Days on Market
  • MLS # : 6121583
  • Updated Date : 08/24/2020 at 14:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,245 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

''I'm gorgeous inside'' built in 2019, still feels brand new. Modern flooring as you walk in the front door that leads to a gourmet kitchen w/ granite counter tops & stainless steel appliances. Pendant lighting for a peaceful & romantic dinner. Great room is perfect for entertaining. You will love the custom built wet bar under the staircase, it's one of a kind. Two car garage (two single bays). Upstairs you have four large rooms, including the master bedroom and master bath, featuring an awesome oversized clear glass shower enclosure. You will love this low maintenance home, located close to everything. Come see this home today, you will not be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
Ignacio Conchos School Primary Regular 413 22 3
Ignacio Conchos School Middle Regular 413 22 3
Cesar Chavez High School High Regular 2,575 131 3

Ignacio Conchos School

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Ignacio Conchos School

  • Education Level: Middle
  • # of students: 413
  • # of teachers: 22
3
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,181
Property Tax -$208
Property Insurance -$71
HOA -$125
Property Management Fees -$99
CASH FLOW
$276

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$320,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.87%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$58,465

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
  • $1,959

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8243$1,8434$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 1807 W Pollack Street Phoenix, 1
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1803 W Pollack Street Phoenix, 2
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,824
    • $0.86
    •  
  • 1707 W Pollack Street Phoenix, 3
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,843
    • $0.87
    •  
  • 1742 W Pollack Street Phoenix, 4
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 1717 W Pollack Street Phoenix, 5
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2020
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Mizael Uvari Martinez
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121583
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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