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1901 W Denton Lane Phoenix, AZ 85015

3 Beds 2 Baths 1,703 sqft Built 1954

$290,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $170.29
  • 4 Days on Market
  • MLS # : 6187220
  • Updated Date : 02/12/2021 at 19:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,703 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

A beautiful home on a CORNER LOT! No HOA! Located in a desired Phoenix area! Open floor plan! Well maintained and very HOMIE! Laminate and Title flooring throughout the house! An awesome backyard layout with an extended patio! Come take a look ASAP!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Missouri Parkway

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Missouri Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8191567

* 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
Westwood Primary School Primary Regular 933 42 3
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA

Westwood Primary School

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 42
3
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating

Phoenix Coding Academy

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,007
Property Tax -$159
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$4

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.

$290,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.9%
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$12k$14k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,149
1$1,1492$1,1953$1,3304$1,3755$1,695
$1,695
RENT COMPS ANALYSIS
  • 1901 W Denton Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.78
    •  
  • 5102 N 20th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1951
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.76
    •  
  • 2122 W Colter Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1946
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.76
    •  
  • 2012 W Solano Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 2041 W Georgia Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1951
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.95
    •  
PROPERTY LISTING DETAILS
Adam Hamblen
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187220
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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