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2542 E Cochise Road Phoenix, AZ 85028

4 Beds 2 Baths 2,164 sqft Built 1971

$549,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $253.70
  • 4 Days on Market
  • MLS # : 6158507
  • Updated Date : 11/14/2020 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,164 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nicely updated 4 bedrooms 2 bath home with NO HOA and walking distance to the mountains!! This home has it all, private courtyard, open eat in kitchen with quartz countertops, formal dining (used as office) and 2 living/family rooms. Newer windows and 2 oversized sliding doors out to the large covered patio and wide open grassy backyard. Updated plumbing, light fixtures throughout the home and beautifully remodeled master bath, tile flooring, double vanities and custom shower with a rain head. The large walk-in closet and patio door off the master bedroom. Also three more bedrooms with build in closet organizers and another large full bathroom with double vanities. Walking/ biking to trail 100, incredible hiking trails and some great community parks!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k415k

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

Neighborhood: Greenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342033

* 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
Mercury Mine Elementary School Primary Regular 546 27 8
Mercury Mine Elementary School Middle Regular 546 27 8
Shadow Mountain High School High Regular 1,390 67 3

Mercury Mine Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Mercury Mine Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Shadow Mountain High School

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

$494,100$603,900$549,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$2,026
Property Tax -$346
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$300

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.

$549,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$14,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,489

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,2403$2,5004$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2542 E Cochise Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,164 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.04
    •  
  • 2606 E Yucca Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 9622 N 26th Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1978
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
  • 2318 E Cortez Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
  • 2658 E Brown Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1963 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1963
    property image
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.33
    •  
PROPERTY LISTING DETAILS
Jonathan Gray
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158507
Last Updated: 11/14/2020
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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