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2026 W Missouri Avenue Phoenix, AZ 85015

3 Beds 2 Baths 1,344 sqft Built 1954

$260,000

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $193.45
  • 3 Days on Market
  • MLS # : 6193746
  • Updated Date : 02/13/2021 at 11:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Kenneth James Realty

Listing Agent's Description

Such an incredibly cute and well maintained 3 Bed 2 Bath home with playhouse and workshop!! This 1954 block home has a ton of cool Mid Century appeal from the living areas to the kitchen complete with the solid wood cabinetry. The huge backyard offers a ton of room and yet somehow is still easy to maintain. Lots of love, time, and attention went into this home and it absolutely shows. A rare opportunity to own a home with truly timeless character.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Phillipine

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Phillipine

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8461567

* 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
Westwood Primary School Primary Regular 933 42 3
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Unknown NA

Westwood Primary School

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 42
3
GreatSchools Rating

Central High School

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

Phoenix Coding Academy

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

$234,000$286,000$260,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$903
Property Tax -$143
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$58

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.

$260,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.0%
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-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,139

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1493$1,3004$1,3755$1,400
$1,400
RENT COMPS ANALYSIS
  • 2026 W Missouri Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5102 N 20th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 1951
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.76
    •  
  • 2217 W Rancho Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1953
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.86
    •  
  • 2012 W Solano Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1958
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 2045 W Elm Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1970
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Karl Freund
Kenneth James Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193746
Last Updated: 02/13/2021
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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