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2032 E Monterey Way Phoenix, AZ 85016

3 Beds 2 Baths 1,895 sqft Built 1956

$415,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $219.00
  • 3 Days on Market
  • MLS # : 6163166
  • Updated Date : 11/20/2020 at 22:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 full
Listing Agent

S.j. Fowler Real Estate, Inc.

Listing Agent's Description

Great location! Close to downtown Phoenix, Phoenix Children's Hospital and the 51 - New laminate wood-look floors throughout except the kitchen and baths - Family room features a fireplace and patio door to the covered patio - Kitchen features newer cabinets, granite counters, tile floor and the stainless steel fridge conveys - Front loading Samsung washer and dryer convey in the laundry room - Mounted TV in the front bedroom conveys - Ceiling fans throughout - Large back yard - Nice quite secluded neighborhood away from the hustle and bussel of the city!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Osborn Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k280k

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

Neighborhood: Osborn Parkway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621569

* 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
Loma Linda Elementary School Primary Regular 718 36 4
Loma Linda Elementary School Middle Regular 718 36 4
Camelback High School High Regular 2,048 110 4

Loma Linda Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

Loma Linda Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$373,500$456,500$415,000

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 -$1,531
Property Tax -$263
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$87

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.

$415,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.6%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$22,097

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
  • $2,047

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7753$1,7854$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 2032 E Monterey Way Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1832 E Monterey Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1952
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.01
    •  
  • 2747 N Greenfield Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.99
    •  
  • 2330 E Fairmount Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,701 Sqft ∙ Built 1948
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.17
    •  
  • 2215 E Heatherbrae Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1949
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sandy S Goldsberry
S.j. Fowler Real Estate, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163166
Last Updated: 11/20/2020
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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