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1920 W Pershing Avenue Phoenix, AZ 85029

5 Beds 2 Baths 2,115 sqft Built 1966

INVESTimate

$369,900

List Price

$1,680

$1,512 - $1,848

Rent Est.

$409,405  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $174.89
  • 5 Days on Market
  • MLS # : 6121278
  • Updated Date : 08/24/2020 at 15:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,115 sqft
  • Baths : 2 full
Listing Agent

Sonoran Realty

Listing Agent's Description

Look no further! You've found the home you longed for! This 4/5 bedroom, 2 bath property boasts a charming facade with grassy landscaping and 3 car garage. Inside you will find formal dining and living areas with neutral paint, as well as a cozy 5th bedroom/den perfect for an office, guest room, exercise room, etc.... The elegant kitchen with ample cabinet and counter space, tile backsplash, high-end appliances, and a lovely breakfast bar. The beautiful master bedroom boasts a full bath as well as a spacious closet for all your belongings. The expansive backyard, with its covered patio and refreshing diving pool, is the perfect place for spending a wonderful summer day with friends and loved ones! What are you waiting for? Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Moon Mountain Elementary School Primary Regular 779 43 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Moon Mountain Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,365
Property Tax -$221
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$73

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.

$369,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$20,926

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
  • $1,868

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6853$1,8004$2,040
$2,040
RENT COMPS ANALYSIS
  • 1920 W Pershing Avenue Phoenix, 1
    • 5 beds 2 baths ∙ 2,115 Sqft ∙ Built 1966 5 beds 2 baths ∙ 2,115 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12028 N 30th Drive Phoenix, 2
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.83
    •  
  • 2150 W Eugie Avenue Phoenix, 3
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 549 W Moon Valley Drive Phoenix, 4
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1966
    LEASED 06/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.83
    •  
PROPERTY LISTING DETAILS
Jason D Samuelson
Sonoran Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121278
Last Updated: 08/24/2020
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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