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2210 N 91st Lane Phoenix, AZ 85037

4 Beds 3 Baths 2,568 sqft Built 2005

$384,450

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $149.71
  • 3 Days on Market
  • MLS # : 6209655
  • Updated Date : 03/19/2021 at 21:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,568 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum Realty Group

Listing Agent's Description

This spectacular large family home has been totally redone. New flooring, New paint, new countertops, new appliances... Too much to list.This Sheely Farms home has it all. Kitchen features large breakfast nook in front of bay window. Kitchen opens to large family room, which makes entertaining a breeze. Master bath has double door entry plus a bay window to bring in lots of light. Walk-in shower and a garden tub with double sinks makes this en suite perfect. Large loft area makes the perfect room for the kids. Covered patio and large, easy care backyard. Easy access to loop 101 and the I-10.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8321567

* 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
Tolleson Union High School High Regular 1,911 91 4

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$346,005$422,895$384,450

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,335
Property Tax -$241
Property Insurance -$77
HOA -$63
Property Management Fees -$99
CASH FLOW
-$185

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.

$384,450

PROJECTED PRICE

$1,630

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$107,629

INVESTMENT

$107,629

Down Payment
$96,113
Rehab Estimate
$5,750
Closing Costs
$5,767

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,335

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,113
Loan Amount $288,338
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,316

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,6004$1,6305$1,700
$1,700
RENT COMPS ANALYSIS
  • 2210 N 91st Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.63
    •  
  • 9434 W Virginia Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.62
    •  
  • 9106 W Cypress Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.61
    •  
  • 9137 W Cypress Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 9278 W Sheridan Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
PROPERTY LISTING DETAILS
Gregory Yurkovic
Platinum Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209655
Last Updated: 03/19/2021
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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