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2708 N 26th Place Phoenix, AZ 85008

3 Beds 2 Baths 1,668 sqft Built 1959

$325,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $194.84
  • 5 Days on Market
  • MLS # : 6200134
  • Updated Date : 02/27/2021 at 05:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

CALLING ALL INVESTORS! PROPERTY SOLD AS-IS. SELLER WILL MAKE NO REPAIRS. GREAT INVESTMENT PROPERTY. WILL NOT GO FOR FHA OR VA LOANS-HOME NEEDS REPAIRS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sandy Lee Place

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sandy Lee Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,129
Property Tax -$206
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$66

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.

$325,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$25,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,718

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,6504$1,7855$1,800
$1,800
RENT COMPS ANALYSIS
  • 2708 N 26th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.94
    •  
  • 3309 N 25th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1959
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 2206 N 25th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2747 N Greenfield Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1950
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.99
    •  
  • 2502 E Avalon Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1950 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1950
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
PROPERTY LISTING DETAILS
Maria Cvetovac
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200134
Last Updated: 02/27/2021
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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