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1918 N 78th Avenue Phoenix, AZ 85035

2 Beds 3 Baths 1,383 sqft Built 2007

$238,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $172.74
  • 3 Days on Market
  • MLS # : 6199403
  • Updated Date : 02/27/2021 at 01:12
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,383 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This open & bright dual-master, 2.5 bath home is a great find within the tree-lined streets of Vinsanto. This move-in ready home includes a large front patio. The attached 2-car garage leads into the ground floor with large bonus room (possible 3rd bedroom!). The open concept main floor has a large kitchen, dining area & spacious living room for entertaining. Upstairs are 2 large bedrooms with private ensuite baths. The first bedroom is complete with large walk-in closet, dual sinks & large soaking tub. The second bedroom also has an ensuite bath with single sink & full bath/shower. Refrigerator, security system, fans & blinds all included! Vinsanto features front-yard maintenance, 2 large community parks with playground, basketball court, splash pad, gazebos w/BBQ & TWO sparkling pools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691567

* 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
Manuel Pena Jr. Elementary School Primary Regular 923 38 2
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Manuel Pena Jr. Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 38
2
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$215,010$262,790$238,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$830
Property Tax -$144
Property Insurance -$54
HOA -$120
Property Management Fees -$99
CASH FLOW
-$7

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.

$238,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k

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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,059

INVESTMENT

$69,059

Down Payment
$59,725
Rehab Estimate
$5,750
Closing Costs
$3,584

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,725
Loan Amount $179,175
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$12,142

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
  • $1,286

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,275
$1,275
RENT COMPS ANALYSIS
  • 1918 N 78th Avenue Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1417 N 80th Lane Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 1927 N 78th Drive Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2008
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.92
    •  
PROPERTY LISTING DETAILS
Martin C Smith
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199403
Last Updated: 02/27/2021
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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