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2012 W Maricopa Street Phoenix, AZ 85009

2 Beds 1 Baths 816 sqft Built 1946

$265,000

List Price

$910

$819 - $1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $324.75
  • 2 Days on Market
  • MLS # : 6155116
  • Updated Date : 11/02/2020 at 12:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 816 sqft
  • Baths : 1 full
Listing Agent

Success Property Brokers

Listing Agent's Description

This 2 bedroom/1 bath home that shows pride of ownership, has a bonus detached home in the rear, also with 2 bedrooms/1 bath that has long term tenants that would like to stay, and are on month to month term. They have already agreed to a rent increase effective January 1, 2021 to $1,000 per month.Front home with nice covered front patio is ready for new owner to occupy or lease out. The businesses nearby offer a pool of potential tenants who would love to be able to walk to work.Lot has rolling gate. Both homes include ac and washers & dryers.Whether you are looking to move in and have help with your mortgage, or buy an investment property with the work already done for you, THIS IS IT!PLEASE DO NOT DISTURB THE TENANTS, Thank you!

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PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Arthur M. Hamilton Elementary School Primary Regular 321 19 1
Arthur M. Hamilton Elementary School Middle Regular 321 19 1
Central High School High Regular 2,251 136 3

Arthur M. Hamilton Elementary School

  • Education Level: Primary
  • # of students: 321
  • # of teachers: 19
1
GreatSchools Rating

Arthur M. Hamilton Elementary School

  • Education Level: Middle
  • # of students: 321
  • # of teachers: 19
1
GreatSchools Rating

Central High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$819$1,001$910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $910
EXPENSES Loan Payment -$978
Property Tax -$115
Property Insurance -$43
Property Management Fees -$99
CASH FLOW
-$325

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.

$265,000

PROJECTED PRICE

$910

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $910

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$910
1$910
$910
RENT COMPS ANALYSIS
  • 2012 W Maricopa Street Phoenix, AZ
    • 2 beds 1 baths ∙ 816 Sqft ∙ Built 1946 2 beds 1 baths ∙ 816 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $910
    • $1.12
    •  
PROPERTY LISTING DETAILS
Monica S Kane
Success Property Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155116
Last Updated: 11/02/2020
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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