Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2417 N 92nd Glen Phoenix, AZ 85037

4 Beds 3 Baths 2,212 sqft Built 2004

INVESTimate

$290,000

List Price

$1,500

$1,350 - $1,650

Rent Est.

$314,998  ( +8.62%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $131.10
  • 4 Days on Market
  • MLS # : 6119905
  • Updated Date : 08/25/2020 at 17:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,212 sqft
  • Baths : 2 full , 1 half
Listing Agent

Us Premier Real Estate

Listing Agent's Description

****HUGE LOT!*** This Sheely Farms gem has the space you want - 4 bedroom 2.5 bath with 2,212 square feet of space at your disposal to make all the memories you want with your family! upgrades include: new carpet, 2 completely remodeled bathrooms include new lighting, sinks,showers & tub,3 out of the 4 bedrooms include walk-in closets! New garbage disposal - updated dishwasher and quartz countertops in kitchen, , new interior paint, new baseboards, New lighting in hall way - this 2004 built beauty shows pride! minutes from Estrella banner hospital and many many shops and entertainment near by. did I mention it is located in a Cul-de-sac? this one is not going to last long! come check it out before it is gone.

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
Sheely Farms Elementary School Primary Regular 777 36 4
Sheely Farms Elementary School Middle Regular 777 36 4
Tolleson Union High School High Regular 1,911 91 4

Sheely Farms Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Sheely Farms Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Tolleson Union High School

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

$261,000$319,000$290,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,070
Property Tax -$181
Property Insurance -$70
HOA -$50
Property Management Fees -$99
CASH FLOW
$29

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.

$290,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.62%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

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 $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,685

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
  • $1,598

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5004$1,5955$1,699
$1,699
RENT COMPS ANALYSIS
  • 2417 N 92nd Glen Phoenix, 1
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8705 W Cambridge Avenue Phoenix, 2
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 2122 N Rascon Loop Phoenix, 3
    • 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,071 Sqft ∙ Built 2004
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.72
    •  
  • 9027 W Monte Vista Road Phoenix, 4
    • 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 2405 N 92nd Lane Phoenix, 5
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.77
    •  
PROPERTY LISTING DETAILS
Erica Esquivel
Us Premier Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119905
Last Updated: 08/25/2020
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.

BESbswy