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2508 E Delgado Street Phoenix, AZ 85032

5 Beds 3 Baths 2,007 sqft Built 1969

$399,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $198.80
  • 3 Days on Market
  • MLS # : 6199406
  • Updated Date : 02/26/2021 at 03:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,007 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Move-in ready with Upper level addition making this a five bedroom / 3 bath home with diving Pool in popular and convenient Cactus Gardens. No HOA! Desirable north/south exposure. New paint inside and outside and new carpet. Huge storage room/pantry, with large covered patio for entertaining and a large outdoor storage shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cactus Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Cactus Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8631567

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,386
Property Tax -$251
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$48

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.

$399,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$28,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,8003$1,8254$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2508 E Delgado Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,007 Sqft ∙ Built 1969 5 beds 3 baths ∙ 2,007 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 2733 E Larkspur Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1970
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 2706 E Sylvia Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
  • 2709 E Sylvia Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.99
    •  
  • 3043 E Lupine Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1969
    property image
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.07
    •  
PROPERTY LISTING DETAILS
Patty Camp Schmid
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199406
Last Updated: 02/26/2021
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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