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2114 E Harvard Street Phoenix, AZ 85006

3 Beds 2 Baths 1,397 sqft Built 1940

INVESTimate

$325,000

List Price

$1,330

$1,197 - $1,463

Rent Est.

$357,402  ( +9.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1940
  • Price/Sqft : $232.64
  • 7 Days on Market
  • MLS # : 6119951
  • Updated Date : 08/20/2020 at 09:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,397 sqft
  • Baths : 2 full
Listing Agent

Moxie Real Estate

Listing Agent's Description

You HAVE to come see this newly remodeled historic home conveniently located to the 51 and i10 freeways, you are minutes away from shopping, entertainment and more. With nearly 1400 sq ft, this 3 bedroom and 2 bath home has modern luxury wood looking vinyl flooring, new interior and exterior paint and all new plumbing fixtures. The kitchen has BRAND NEW cabinets, NEW quartz countertops, and a large single basin sink. The lot is surrounded in the front by a charming view fence, adding extra privacy, a large covered carport, a storage shed in the back and a covered rear patio with a beautifully landscaped backyard that is meant for enjoying. Homes like this do not come up often, come see it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Avalon

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Avalon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011567

* 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
William T. Machan Elementary School Primary Regular 503 33 2
William T. Machan Elementary School Middle Regular 503 33 2
Camelback High School High Regular 2,048 110 4

William T. Machan Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 33
2
GreatSchools Rating

William T. Machan Elementary School

  • Education Level: Middle
  • # of students: 503
  • # of teachers: 33
2
GreatSchools Rating

Camelback High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

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$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,199
Property Tax -$206
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$229

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.

$325,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.97%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,134

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3453$1,5004$1,5255$1,600
$1,600
RENT COMPS ANALYSIS
  • 2114 E Harvard Street Phoenix, 1
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1940
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.95
    •  
  • 2702 E Brill Street Phoenix, 2
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.99
    •  
  • 1802 N 20th Street Phoenix, 3
    • 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 3309 N 25th Place Phoenix, 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 2427 E Avalon Drive Phoenix, 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1947
    property image
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.19
    •  
PROPERTY LISTING DETAILS
Bryan C. Adams
Moxie Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119951
Last Updated: 08/20/2020
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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