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1918 N 94th Gln. -- Phoenix, AZ 85037

3 Beds 3 Baths 2,555 sqft Built 2004

$305,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $119.37
  • 2 Days on Market
  • MLS # : 6172813
  • Updated Date : 12/19/2020 at 17:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,555 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Love where you live, play and work! This home offers multiple flex spaces to use as a home office, study space during remote learning, teen-room, game room...you name it there's space in this home to fit everyone's needs. Enter the living room that welcomes you with high ceilings and large bright windows allowing lots of natural light. The formal dining room is currently set up as a farmhouse style drop-zone to keep everyone's belongings organized but can easily fit a dining table. The family room is open to the kitchen and eating-area. All offering views into the backyard overlooking the clear blue colors of your swimming pool. Get ready to play and have fun this coming summer! You'll find plenty of kitchen cabinets, an island with breakfast bar, double door pantry and direct

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8321567

* 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
Sheely Farms Elementary School Primary Regular 777 36 4
Sheely Farms Elementary School Middle Regular 777 36 4
Tolleson Union High School High Regular 1,911 91 4

Sheely Farms Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Sheely Farms Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,125
Property Tax -$191
Property Insurance -$77
HOA -$63
Property Management Fees -$99
CASH FLOW
$55

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$16k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$27,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6004$1,6105$1,700
$1,700
RENT COMPS ANALYSIS
  • 1918 N 94th Gln. -- Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.63
    •  
  • 9137 W Cypress Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 9171 W Berkeley Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,555 Sqft ∙ Built 2004
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 9447 W Palm Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,553 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 9278 W Sheridan Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
PROPERTY LISTING DETAILS
Edith 'eydie' Fernandez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172813
Last Updated: 12/19/2020
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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