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2126 W Alta Vista Road Phoenix, AZ 85041

4 Beds 2 Baths 2,000 sqft Built 2004

$289,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $144.95
  • 5 Days on Market
  • MLS # : 6158612
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

Nice 4 bed, 2 bath with formal living & dining. Carpet & Laminate wood floors in all the right places. Open concept for the kitchen, dining and family rooms. The kitchen has oak cabinets, black appliances. Bedrooms have carpet & ceiling fans. Master has a full bath with double vanity and a walk-in closet. Interior laundry. The large backyard has a covered patio, and nice lawn area. Walk to elementary school. Easy access to shopping and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages at Spencer Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Villages at Spencer Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8331567

* 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
Ed And Verma Pastor Elementary School Primary Regular 637 32 2
Ed And Verma Pastor Elementary School Middle Regular 637 32 2
Cesar Chavez High School High Regular 2,575 131 3

Ed And Verma Pastor Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Ed And Verma Pastor Elementary School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,070
Property Tax -$188
Property Insurance -$66
HOA -$13
Property Management Fees -$99
CASH FLOW
$34

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.

$289,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.0%
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$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4703$1,5754$1,6505$1,850
$1,850
RENT COMPS ANALYSIS
  • 2126 W Alta Vista Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.74
    •  
  • 2011 W Carson Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,930 Sqft ∙ Built 2005
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 1731 W Pollack Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,011 Sqft ∙ Built 2019
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 2133 W Burgess Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2003
    LEASED 05/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 1742 W Pollack Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2019
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
PROPERTY LISTING DETAILS
Alexander M Prewitt
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158612
Last Updated: 11/13/2020
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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