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2205 W Marconi Avenue Phoenix, AZ 85023

3 Beds 3 Baths 2,446 sqft Built 2007

$410,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $167.62
  • 2 Days on Market
  • MLS # : 6179021
  • Updated Date : 01/10/2021 at 01:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,446 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Don't miss this move In ready 3 bedroom plus den AND loft home in North Phoenix! Great location in the highly sought after Northgate Community. With easy access to freeways in all directions, this home is surrounded by multiple shopping and dining options. The large formal area welcomes you with sky-high ceilings and is the start of the perfect functional floor plan featuring a large kitchen and open concept family room. Upgraded cabinets and counters make this stylish kitchen a delight to prepare your favorite meals. The upstairs features a large loft perfect for a play area for the kids and the master bedroom includes a walk-in closet and huge master bath with a separate tub and shower. The backyard completes the home with a sparkling pool and built in BBQ.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k317k

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

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,424
Property Tax -$245
Property Insurance -$75
HOA -$25
Property Management Fees -$99
CASH FLOW
$102

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.

$410,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.7%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$34,240

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
  • $2,055

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9004$1,9995$2,100
$2,100
RENT COMPS ANALYSIS
  • 2205 W Marconi Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15911 N 22nd Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2008
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2027 W Monte Cristo Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2009
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 15932 N 22nd Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,238 Sqft ∙ Built 2007
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.89
    •  
  • 2240 W Monte Cristo Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 2008
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
PROPERTY LISTING DETAILS
Rashied Arekat
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179021
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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