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1824 N 90th Drive Phoenix, AZ 85037

4 Beds 2 Baths 1,588 sqft Built 1994

$259,999

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $163.73
  • 3 Days on Market
  • MLS # : 6165163
  • Updated Date : 11/28/2020 at 09:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,588 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Captivating corner lot home located in desirable Phoenix is a beauty. Providing great curb appeal and easy care gravel front landscaping. Step inside this bright and welcoming interior complete with 4 bed, 2 bath, living/dining area, vaulted ceilings, neutral color palette, and skylight that brings in so much natural light. Practice your cooking skills in this spotless kitchen offering breakfast bar, track lighting, plenty cabinet/counter space, pantry, and high-end appliances ready to be used. Inside this unique master bedroom you will find a sliding-door closet and lavish full bath with dual vanity. Out the back you have a storage shed and covered patio where you can enjoy your gatherings. This remarkable home stands out above the rest. All centered on a quiet neighborhood. Call 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
 

$233,999$285,999$259,999

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$959
Property Tax -$163
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$109

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.

$259,999

PROJECTED PRICE

$1,170

PROJECTED RENT

0.45%

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

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$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,700

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
  • $1,278

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3754$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 1824 N 90th Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9237 W Milkweed Loop Phoenix, AZ 2
    • 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
    •  
  • 9332 W Milkweed Loop Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 9141 W Alvarado Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 9313 W Milkweed Loop Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $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 #: 6165163
Last Updated: 11/28/2020
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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