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2644 E Sylvia Street Phoenix, AZ 85032

4 Beds 3 Baths 1,750 sqft Built 1970

$419,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $239.43
  • 6 Days on Market
  • MLS # : 6191581
  • Updated Date : 02/11/2021 at 23:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

NO SHOWINGS AT THIS TIME. Awesome 4 bedroom, 3 bathroom contemporary fully rebuilt from top to bottom. New features include open kitchen with new granite counters, cabinetry, fixtures, appliances, tile and carpet. Main floor master with full, new bathroom, and secondary bedrooms with bathroom. Upstairs loft includes a guest suite with new bathroom. Everything has been replaced including the roof, the A/C, new interior doors, flooring, light fixtures. The high ceilings, neutral pallet and a great open concept give the home a modern feel. The home is located in the Paradise Valley school district, including BASIS and Great Hearts Academy just minutes away. You can enjoy your back patio while lounging in your self-cleaning pool (recently replaced pump), while taking in the mountain views.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Clearview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Clearview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,455
Property Tax -$264
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$198

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.

$419,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,104

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
  • $1,809

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6953$1,7504$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2644 E Sylvia Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,656 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2709 E Corrine Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 1972
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.15
    •  
  • 3033 E Dahlia Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 12224 N 23rd Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,571 Sqft ∙ Built 1962
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.15
    •  
  • 2706 E Sylvia Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Missy Palmer
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191581
Last Updated: 02/11/2021
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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