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2047 N 77th Drive Phoenix, AZ 85035

2 Beds 3 Baths 1,285 sqft Built 2017

$225,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $175.10
  • 2 Days on Market
  • MLS # : 6162869
  • Updated Date : 11/21/2020 at 11:06
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,285 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Look no further! This awesome property nestled in the community of Vinsanto is back on the market! You will love the luminous living spaces with endless possibilities of entertainment. The gorgeous kitchen is equipped with plenty of cabinet/counter space and high-end appliances. In the main and guest bedroom you will find a full bath giving you all the privacy you will need. The community is in a great location close to shopping and freeways. Community amenities are pool and playgrounds. Don't miss this opportunity, homes in this community sell fast!! Schedule a showing today!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Vinsanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7691567

* 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
Manuel Pena Jr. Elementary School Primary Regular 923 38 2
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Manuel Pena Jr. Elementary School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 38
2
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$830
Property Tax -$136
Property Insurance -$52
HOA -$120
Property Management Fees -$99
CASH FLOW
-$147

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.

$225,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,088

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,173

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,0953$1,1504$1,1505$1,275
$1,275
RENT COMPS ANALYSIS
  • 2047 N 77th Drive Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,285 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,285 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.85
    •  
  • 1422 N 81st Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007
    LEASED 07/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.89
    •  
  • 1417 N 80th Lane Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 2032 N 78th Glen Phoenix, AZ 4
    • 2 beds 3 baths ∙ 1,284 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,284 Sqft ∙ Built 2007
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 1927 N 78th Drive Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,383 Sqft ∙ Built 2008
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.92
    •  
PROPERTY LISTING DETAILS
Baljinder Saini
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162869
Last Updated: 11/21/2020
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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