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1922 N 78th Glen Phoenix, AZ 85035

2 Beds 3 Baths 1,285 sqft Built 2016

$219,500

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $170.82
  • 3 Days on Market
  • MLS # : 6178695
  • Updated Date : 01/09/2021 at 17:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,285 sqft
  • Baths : 2 full , 1 half
Listing Agent

Marketplace Homes

Listing Agent's Description

Convenience and luxury come together in this stunning Phoenix townhome just waiting for your personal touch! The light and bright second floor offers an open floorplan that flows effortlessly through the living room, dining room, and kitchen to make entertaining a breeze. Even novice chefs will be inspired to create memorable meals in the kitchen featuring sleek brushed stainless appliances and plenty of counter space. Two master bedrooms upstairs provide both comfort and privacy each with their own en-suite bathroom and a large walk-in closet in the primary bedroom. Located in a well-maintained community with multiple pools, parks, and plenty of space for outdoor activities, the only thing missing is you! Schedule your showing today!

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
 

$197,550$241,450$219,500

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$762
Property Tax -$132
Property Insurance -$52
HOA -$27
Property Management Fees -$99
CASH FLOW
$107

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.

$219,500

PROJECTED PRICE

$1,180

PROJECTED RENT

0.54%

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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,918

INVESTMENT

$63,918

Down Payment
$54,875
Rehab Estimate
$5,750
Closing Costs
$3,293

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$762

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,875
Loan Amount $164,625
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$22,342

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,195

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1803$1,275
$1,275
RENT COMPS ANALYSIS
  • 1922 N 78th Glen Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,285 Sqft ∙ Built 2016 2 beds 3 baths ∙ 1,285 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.92
    •  
  • 1417 N 80th Lane Phoenix, AZ 1
    • 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
John Fabirkiewicz
Marketplace Homes
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178695
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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