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2157 W Marco Polo Road Phoenix, AZ 85027

4 Beds 2 Baths 2,058 sqft Built 1981

$429,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $208.45
  • 5 Days on Market
  • MLS # : 6183291
  • Updated Date : 01/20/2021 at 17:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,058 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

You get two for the price of one with this amazing property. The main home has 4 spacious bedrooms all with ceiling fans. There is also a separate Casita with it's own bathroom, kitchen area, and studio-like area. This home is in immaculate condition from ceiling to floor and 100% move in ready. There is tile flooring throughout which makes for an elegant look and of course easy cleanup. There is neutral color paint that goes with any color furniture. Your new kitchen offers granite countertops, appliances, double sinks, contemporary cabinets with tons of storage space, and breakfast bar. There is a fireplace and separate living & family rooms. You'll spend a lot of time in this back yard with the swimming pool, spa, and covered patio. There is plenty of room to play and relax.

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
Esperanza Elementary School Primary Regular 566 40 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Esperanza Elementary School

  • Education Level: Primary
  • # of students: 566
  • # of teachers: 40
5
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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,490
Property Tax -$257
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$293

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.

$429,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.38%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,6503$1,6954$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 2157 W Marco Polo Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.79
    •  
  • 2111 W Topeka Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 1975
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 1208 W Behrend Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 1997
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 1326 W Escuda Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,766 Sqft ∙ Built 1997
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
  • 1431 W Behrend Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1977
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ancie Mendez
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183291
Last Updated: 01/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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