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1812 N 90th Drive Phoenix, AZ 85037

3 Beds 2 Baths 1,364 sqft Built 1992

$249,999

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $183.28
  • 2 Days on Market
  • MLS # : 6174657
  • Updated Date : 12/26/2020 at 14:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,364 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

A charming 3 bed, 2 bath property in desirable Phoenix is now on the market! With easy access to Interstate 10 and only a short drive away from numerous restaurants and shopping spots, you won't find a better location than this! The home itself boasts an elegant interior with vaulted ceilings, skylights, a cozy fireplace, and neutral paint throughout. The elegant kitchen is comprised of ample cabinetry with granite countertops and a lovely breakfast bar. Inside the beautiful master bedroom you will find a spacious walk-in closet and a full bath featuring a dual vanity, ideal for couples! Also including an expansive backyard with a covered patio, seating area, and tons of potential for customization, this home is sure to be the one you've been looking for! Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westpoint

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Westpoint

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7551567

* 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
Desert Oasis Elementary School Primary Regular 838 35 3
Desert Oasis Elementary School Middle Regular 838 35 3
Tolleson Union High School High Regular 1,911 91 4

Desert Oasis Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 35
3
GreatSchools Rating

Desert Oasis Elementary School

  • Education Level: Middle
  • # of students: 838
  • # of teachers: 35
3
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$922
Property Tax -$156
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$2

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.

$249,999

PROJECTED PRICE

$1,230

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,968

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
  • $1,115

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,1254$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 1812 N 90th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8956 W Indianola Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.82
    •  
  • 8802 W Pinchot Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.80
    •  
  • 9237 W Milkweed Loop Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 2439 N 83rd Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,652 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Wendy Aguirre
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174657
Last Updated: 12/26/2020
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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