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2107 W Hartford Avenue Phoenix, AZ 85023

4 Beds 2 Baths 1,573 sqft Built 1971

$279,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $177.94
  • 3 Days on Market
  • MLS # : 6156862
  • Updated Date : 11/06/2020 at 11:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,573 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

This NEWLY RENOVATED home has 4 bedrooms, 2 bathrooms. Open Floor Concept. New AC. New interior & exterior paint. Kitchen has white cabinets, beautiful quartz counters, SS appliances, subway tile backsplash and a center island. Large step down family room has a cozy corner fireplace. Plenty of storage inside and outside. Large backyard is a blank canvas to make your own. Close to schools, shopping and major freeways. No HOA! Book your showings today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Village Meadows Elementary School Primary Regular 470 33 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Village Meadows Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 33
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,033
Property Tax -$168
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$63

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$27,532

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,589

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4354$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 2107 W Hartford Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.90
    •  
  • 1958 W Meadow Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1967
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 1633 W Charleston Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,441 Sqft ∙ Built 1973
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,435
    • $1.00
    •  
  • 16051 N 25th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 2240 W Danbury Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Rozhin Vatanpour
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156862
Last Updated: 11/06/2020
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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