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1913 W Vermont Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,233 sqft Built 1952

$298,900

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1952
  • Price/Sqft : $242.42
  • 3 Days on Market
  • MLS # : 6193237
  • Updated Date : 02/12/2021 at 21:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 1 full , 1 half
Listing Agent

Solid Choice Realty

Listing Agent's Description

This adorable home has updated kitchen, new counter top, bathrooms updated with new cabinets counter tops, faucets, home has new windows throughout, new flooring and new paint inside and out. New plumbing fixtures, light fixtures through out, new Washer, dryer, refrigerator go with the property.

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 Unknown 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
 

$269,010$328,790$298,900

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$1,038
Property Tax -$164
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$351

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.

$298,900

PROJECTED PRICE

$1,000

PROJECTED RENT

0.33%

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-$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$84,959

INVESTMENT

$84,959

Down Payment
$74,725
Rehab Estimate
$5,750
Closing Costs
$4,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,038

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,725
Loan Amount $224,175
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $992

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$825
1$8252$1,0003$1,1004$1,1255$1,275
$1,275
RENT COMPS ANALYSIS
  • 1913 W Vermont Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,153 Sqft ∙ Built 1952
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.87
    •  
  • 2646 W Missouri Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,035 Sqft ∙ Built 1948
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $825
    • $0.80
    •  
  • 2379 W Hazelwood Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1965
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 3001 W Elm Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1954
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.90
    •  
  • 3122 W Mariposa Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1955
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kim Kalina
Solid Choice Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193237
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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