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2536 E Wier Avenue Phoenix, AZ 85040

3 Beds 2 Baths 1,000 sqft Built 1948

$229,995

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $230.00
  • 2 Days on Market
  • MLS # : 6168004
  • Updated Date : 12/04/2020 at 18:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 2 full
Listing Agent

The John Samuels Agency

Listing Agent's Description

Beautiful fully remodeled 3/2 in Phoenix priced to sell! This beautiful property has a nice contemporary open concept floor plan. The amenities include stainless steel appliances, granite counter tops, and a tile showers. Property is close to dining, shopping, schools, and is easily accessible to the I-10 freeways. Don't miss out on this opportunity.

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
 

$206,996$252,995$229,995

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$849
Property Tax -$150
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$254

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.

$229,995

PROJECTED PRICE

$890

PROJECTED RENT

0.39%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,699

INVESTMENT

$66,699

Down Payment
$57,499
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,499
Loan Amount $172,496
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $890

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $880

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$890
1$8902$9003$925
$925
RENT COMPS ANALYSIS
  • 2536 E Wier Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1948
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.89
    •  
  • 1749 E Southern Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.88
    •  
  • 2161 E Broadway Road Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.88
    •  
PROPERTY LISTING DETAILS
Preston Royce
The John Samuels Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168004
Last Updated: 12/04/2020
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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