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1936 E Missouri Avenue Phoenix, AZ 85016

4 Beds 3 Baths 2,139 sqft Built 1953

$590,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $275.83
  • 4 Days on Market
  • MLS # : 6194713
  • Updated Date : 02/18/2021 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,139 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Biltmore Adjacent Madison Schools easy freeway access, walkability to nearby shopping and restaurants. Newly renovated 4 br 3 Ba split masters lots of closets, inside storage. New granite kitchen w soft close drawers & doors, built in microwave, wine fridge, elec range., large living space w electric FP New ceramic tile flooring. master #1 has large sitting area & patio slider. Step outside to your private backyard oasis with flood irrigation mature shade and fruit trees. Paved patio w pergola, side yard w covered screen room, storage shed w potting bench on back side for garden enthusiast. Room for veggie garden and pool. Enjoy your morning coffee or evening cocktails al fresco. Perfect yard for social distance entertaining or BBQ, You will love private backyard with mountain views!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Beverly Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k381k

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

Neighborhood: Beverly Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341983

* 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
Madison Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Unknown NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,049
Property Tax -$424
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$171

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.

$590,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,647

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,4704$2,4955$3,000
$3,000
RENT COMPS ANALYSIS
  • 1936 E Missouri Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1953 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.15
    •  
  • 1930 E Solano Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1952
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.25
    •  
  • 1310 E Missouri Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 1749 E Medlock Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1955
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.31
    •  
  • 1935 E Coolidge Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,162 Sqft ∙ Built 1955
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.39
    •  
PROPERTY LISTING DETAILS
Dominick A Mangano
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194713
Last Updated: 02/18/2021
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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