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1820 N 45th Street Phoenix, AZ 85008

3 Beds 2 Baths 1,126 sqft Built 1955

$299,999

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $266.43
  • 7 Days on Market
  • MLS # : 6173968
  • Updated Date : 01/12/2021 at 16:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,126 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

A dreamy location in the shadow of camelback mountain is this charming home!! This home is perfect for someone to put their amazing touches and make it their own! Minutes to Arcadia, PV, Scottsdale Sky Harbor, and Tempe with easy access to the 202. Walking distance to Costco, Target, Fry's and all the other shops and restaurants in Arcadia Crossing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Griffith Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Griffith Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,042
Property Tax -$177
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
$63

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.

$299,999

PROJECTED PRICE

$1,430

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$23,536

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
  • $1,309

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4954$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 1820 N 45th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,126 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,126 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2448 N 38th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 4609 E Almeria Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1953
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 2009 N 46th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
  • 4238 E Pinchot Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1953
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173968
Last Updated: 01/12/2021
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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