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22 W Carson Road Phoenix, AZ 85041

3 Beds 2 Baths 1,134 sqft Built 1966

$325,990

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $287.47
  • 7 Days on Market
  • MLS # : 6169524
  • Updated Date : 12/18/2020 at 15:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,134 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move-in ready, has been completely remodeled, new floor , new paint, bathroom titled floor to ceiling, granite counter in kitchen and new cabinets, etc. The home has tankless water heater, is on a huge 1/3 acre with irrigation, has a basement storage area, just minutes from downtown Phoenix. Excellent location with easy access to freeways, shopping, restaurants . nightlife and light rail coming soon, lot offers plenty of room for all of your outdoor ambitions. This gem will sell in a flash. See it and make it yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
V.h. Lassen Elementary School Primary Regular 472 22 3
V.h. Lassen Elementary School Middle Regular 472 22 3
Cesar Chavez High School High Regular 2,575 131 3

V.h. Lassen Elementary School

  • Education Level: Primary
  • # of students: 472
  • # of teachers: 22
3
GreatSchools Rating

V.h. Lassen Elementary School

  • Education Level: Middle
  • # of students: 472
  • # of teachers: 22
3
GreatSchools Rating

Cesar Chavez High School

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

$293,391$358,589$325,990

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,203
Property Tax -$212
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$232

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.

$325,990

PROJECTED PRICE

$1,340

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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$200k$400k$600k$800k$1.0M$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,137

INVESTMENT

$92,137

Down Payment
$81,498
Rehab Estimate
$5,750
Closing Costs
$4,890

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,203

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,498
Loan Amount $244,493
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,922

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,434

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4453$1,4954$1,495
$1,495
RENT COMPS ANALYSIS
  • 22 W Carson Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8439 S 9th Place Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,682 Sqft ∙ Built 1982
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.86
    •  
  • 6447 S 17th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1982
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 6219 S 7th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
PROPERTY LISTING DETAILS
Irma Reynard
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169524
Last Updated: 12/18/2020
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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