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2450 E Marguerite Avenue Phoenix, AZ 85040

4 Beds 2 Baths 1,686 sqft Built 2017

$325,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $192.76
  • 3 Days on Market
  • MLS # : 6170236
  • Updated Date : 12/12/2020 at 21:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,686 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful, 2-year-old, energy efficient home! Includes 4 bedrooms, a den, a low-maintenance front yard, and a large recently-landscaped fenced backyard with artificial turf and an in-ground trampoline. Located in a desirable Phoenix neighborhood with similar newly built homes. Freeways, shopping centers, and downtown Phoenix are minutes away. The airport, Phoenix Zoo, and ASU are less than 15 minutes away! The home includes a professionally wired security system and high speed internet with 2-in-1 & direct wire connections available in 6 rooms. NO HOA! Show today before it is gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Broadway Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Broadway Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5851567

* 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
Percy L. Julian School Primary Regular 738 40 1
Percy L. Julian School Middle Regular 738 40 1
South Mountain High School High Regular 1,706 102 2

Percy L. Julian School

  • Education Level: Primary
  • # of students: 738
  • # of teachers: 40
1
GreatSchools Rating

Percy L. Julian School

  • Education Level: Middle
  • # of students: 738
  • # of teachers: 40
1
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,199
Property Tax -$211
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$111

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.

$325,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$35,137

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
  • $1,501

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4004$1,6955$1,725
$1,725
RENT COMPS ANALYSIS
  • 2450 E Marguerite Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,686 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,686 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1934 E Pueblo Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 2008
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 4008 S 28th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.93
    •  
  • 2343 E Sunland Avenue Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,941 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 2310 E Wood Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
PROPERTY LISTING DETAILS
William White
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170236
Last Updated: 12/12/2020
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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