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

1825 E Hidalgo Avenue Phoenix, AZ 85040

3 Beds 1 Baths 996 sqft Built 1956

$255,000

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $256.02
  • 3 Days on Market
  • MLS # : 6212477
  • Updated Date : 03/26/2021 at 05:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 996 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 3 bedroom 1 bath home RECENTLY RENOVATED! New paint inside and out, renovated kitchen and bathroom! Brand new flooring throughout home! GREAT SPACIOUS YARD BOTH FRONT AND BACK!! Perfect for first time home buyers or those looking for a rental!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Southern Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5281567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$886
Property Tax -$166
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$307

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.

$255,000

PROJECTED PRICE

$890

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$320

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
  • $0.89

    LIST RENT PER SQFT
  • $876

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$890
1$8902$9003$925
$925
RENT COMPS ANALYSIS
  • 1825 E Hidalgo Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 996 Sqft ∙ Built 1956 3 beds 1 baths ∙ 996 Sqft ∙ Built 1956
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.89
    •  
  • 1749 E Southern Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.88
    •  
  • 2161 E Broadway Road Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.88
    •  
PROPERTY LISTING DETAILS
Norma Carranza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212477
Last Updated: 03/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy