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2525 N 8th Street Phoenix, AZ 85006

3 Beds 2 Baths 1,295 sqft Built 1935

$459,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1935
  • Price/Sqft : $354.44
  • 25 Days on Market
  • MLS # : 6169994
  • Updated Date : 01/31/2021 at 00:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,295 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Gorgeously & Carefully Restored 3Bd, 2Ba Historical Home in the Coronado Historical District! Walking Past the Citrus Trees, You Walk Up the Steps to an Inviting Front Porch That Extends Across the Length of the Home. Upon Entering the Home, You are Greeted By Refinished, Original Hardwood Flooring, Wood Burning Fireplace, New Paint Inside & Out & More. Spacious Kitchen Boasts New Cabinets, New Calcutta Quartz, Floating Shelves, & Gas Range. Bathrooms Boast New Vanities, Claw Foot Tub, Period Shower Accoutrements. Out the Back Door, The Expansive Rear Yard is Full Of Possibilities! It Was Used as a Large Garden & is Ready For Whatever You Plan! Home Includes Newer Roof, Great Community, Inside Laundry and More. This Home has All The Historical Charm W/ Modern Amenities You Expect!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k311k

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

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Emerson School Primary Regular 430 29 3
Emerson School Middle Regular 430 29 3
North High School High Regular 2,616 128 5

Emerson School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

Emerson School

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,594
Property Tax -$245
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$461

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.

$459,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,594

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,931

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
  • $1,522

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,4504$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 2525 N 8th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 1935
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 917 E Granada Road #3 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.21
    •  
  • 1641 N 11th Street Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,228 Sqft ∙ Built 1930 3 beds 1 baths ∙ 1,228 Sqft ∙ Built 1930
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.18
    •  
  • 1313 E Brill Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1926
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 550 W Cambridge Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1945
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
PROPERTY LISTING DETAILS
Georgi Stratton
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169994
Last Updated: 01/31/2021
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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