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1928 N 77th Glen W Phoenix, AZ 85035

3 Beds 3 Baths 1,557 sqft Built 2007

$235,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $150.93
  • 3 Days on Market
  • MLS # : 6170544
  • Updated Date : 12/12/2020 at 15:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,557 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This is a very attractive home with 3br/2.5br and 2-car garage in a nice community boasting two pools and children's playgrounds. The home has a freshly printed modern interior and new carpet for all the bedrooms. The downstairs has a huge great room and the open kitchen with new electric range. Master suite has a double walk-in closets. The master bath has double vanities and separate shower and tub. The home is centrally located with convenient shopping, schools and transportation nearby. This home will go fast.

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$867
Property Tax -$142
Property Insurance -$58
HOA -$120
Property Management Fees -$99
CASH FLOW
$15

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.

$235,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.55%

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$16,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,397

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3953$1,4004$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 1928 N 77th Glen W Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,557 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 7762 W Alvarado Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,486 Sqft ∙ Built 2013
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 2684 N 73rd Glen Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,675 Sqft ∙ Built 2014
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 2531 N 73rd Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 2016
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.90
    •  
  • 1419 N 79th Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2008
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
PROPERTY LISTING DETAILS
Frederic L Mann
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170544
Last Updated: 12/12/2020
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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