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1812 S 28th Drive Phoenix, AZ 85009

3 Beds 2 Baths 937 sqft Built 1959

$169,000

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $180.36
  • 11 Days on Market
  • MLS # : 6151523
  • Updated Date : 11/02/2020 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 937 sqft
  • Baths : 1 full , 1 half
Listing Agent

Hegazy Realty

Listing Agent's Description

3 bedrooms and 2 full bath, 1 large living room, 1 medium living room, dining room, kitchen, pantry room, laundry room, large back yard and large front yard.

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PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Alfred F. Garcia Elementary School Primary Regular 581 31 2
Alfred F. Garcia Elementary School Middle Regular 581 31 2
Carl Hayden High School High Regular 2,080 116 3

Alfred F. Garcia Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 31
2
GreatSchools Rating

Alfred F. Garcia Elementary School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 31
2
GreatSchools Rating

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating
 

$152,100$185,900$169,000

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$624
Property Tax -$73
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
$49

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.

$169,000

PROJECTED PRICE

$890

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$17,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $890

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$890
1$890
$890
RENT COMPS ANALYSIS
  • 1812 S 28th Drive Phoenix, AZ
    • 3 beds 2 baths ∙ 937 Sqft ∙ Built 1959 3 beds 2 baths ∙ 937 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.95
    •  
PROPERTY LISTING DETAILS
Moe A Hegazy
Hegazy Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151523
Last Updated: 11/02/2020
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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