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1939 W Amelia Avenue Phoenix, AZ 85015

5 Beds 3 Baths 1,952 sqft Built 1988

$353,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $180.84
  • 7 Days on Market
  • MLS # : 6175013
  • Updated Date : 12/29/2020 at 19:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,952 sqft
  • Baths : 3 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Phoenix one-story home offers granite countertops. This home is vacant and cleaned regularly.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Bugle

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Bugle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8591567

* 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
Montebello School Primary Regular 1,387 50 2
Montebello School Middle Regular 1,387 50 2
Central High School High Regular 2,251 136 3

Montebello School

  • Education Level: Primary
  • # of students: 1,387
  • # of teachers: 50
2
GreatSchools Rating

Montebello School

  • Education Level: Middle
  • # of students: 1,387
  • # of teachers: 50
2
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$317,700$388,300$353,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,302
Property Tax -$194
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$210

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.

$353,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,295

INVESTMENT

$99,295

Down Payment
$88,250
Rehab Estimate
$5,750
Closing Costs
$5,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,250
Loan Amount $264,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$49,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,011

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,644
1$1,6442$1,8703$1,950
$1,950
RENT COMPS ANALYSIS
  • 1939 W Amelia Avenue Phoenix, AZ 2
    • 5 beds 3 baths ∙ 1,952 Sqft ∙ Built 1988 5 beds 3 baths ∙ 1,952 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.96
    •  
  • 2029 W Elm Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,704 Sqft ∙ Built 1970
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,644
    • $0.96
    •  
  • 1737 W Colter Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 2005
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.10
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175013
Last Updated: 12/29/2020
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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