Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1816 N 58th Drive Phoenix, AZ 85035

4 Beds 3 Baths 1,544 sqft Built 1970

$265,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $171.63
  • 4 Days on Market
  • MLS # : 6169634
  • Updated Date : 12/12/2020 at 12:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,544 sqft
  • Baths : 3 full
Listing Agent

Vista Bonita Realty

Listing Agent's Description

Very nice immaculate home. Has 4 BEDS/3 BATHS WITH SWIMMING POOL! Property has additional mother in law suite with 1 bed and 1 full bath with private entrance. 4/3 total. Highlights include completely renovated Pool,new mini pebble resurface and new cool decking,wrought iron fencing with security locking entry gates. Newer A/C, Interior has tile flooring (no carpet), newer paint, updated white cabinets, gas range, laundry room, owned security system, covered patio, & large backyard. Convenient Phoenix location. No Hoa. Must see.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Cartwright Elementary School Primary Regular 844 39 2
Cartwright Elementary School Middle Regular 844 39 2
Maryvale High School High Regular 2,948 132 2

Cartwright Elementary School

  • Education Level: Primary
  • # of students: 844
  • # of teachers: 39
2
GreatSchools Rating

Cartwright Elementary School

  • Education Level: Middle
  • # of students: 844
  • # of teachers: 39
2
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$978
Property Tax -$160
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$144

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.

$265,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,774

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
  • $1,428

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3253$1,3494$1,4255$1,500
$1,500
RENT COMPS ANALYSIS
  • 1816 N 58th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5525 W Roanoke Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,444 Sqft ∙ Built 1969
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.92
    •  
  • 5222 W Cypress Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1972
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.90
    •  
  • 6208 W Almeria Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,473 Sqft ∙ Built 1974
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.97
    •  
  • 5631 W Berkeley Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1970
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Michael St. Paul
Vista Bonita Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169634
Last Updated: 12/12/2020
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.

BESbswy