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2520 W Diana Avenue Phoenix, AZ 85021

4 Beds 2 Baths 1,302 sqft Built 1959

$229,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $176.57
  • 2 Days on Market
  • MLS # : 6195489
  • Updated Date : 02/20/2021 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,302 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Cute and quaint 4 bedroom ranch located in a great location. Close to restaurants, shopping, and the light rail. This house is perfect for a first time home buyer or someone looking to put their own touches into it. New paint in all the bedrooms. Newer carpet in living room and new carpet being installed in all secondary bedrooms by 2/19/21. Large backyard to entertain. House comes 'as is'.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Freeway Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Freeway Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8041567

* 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
Richard E. Miller Elementary School Primary Regular 569 26 4
Cortez High School High Regular 1,127 55 4

Richard E. Miller Elementary School

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 26
4
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$799
Property Tax -$137
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$253

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.

$229,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

11.25

YEARS SAVED

$38,910

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
  • $1,481

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1993$1,4994$1,5455$1,600
$1,600
RENT COMPS ANALYSIS
  • 2520 W Diana Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,302 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,302 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2849 W Alice Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1953
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $1.02
    •  
  • 3013 W Echo Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1953
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.20
    •  
  • 2735 W Royal Palm Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1953
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.21
    •  
  • 9009 N 18th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1959
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Andrew Svitak
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195489
Last Updated: 02/20/2021
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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