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2708 W Garfield Street Phoenix, AZ 85009

3 Beds 1 Baths 1,008 sqft Built 1948

$214,900

List Price

$920

$828 - $1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $213.19
  • 2 Days on Market
  • MLS # : 6187940
  • Updated Date : 01/30/2021 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

THIS WONDERFUL MOVE IN READY HOME IS ABSOLUTELY PERFECT. WITH A BEAUTIFULLY UPDATED INTERIOR AND A SPECTACULAR LOT FULL OF EXTRAS, THIS HOME IS A MUST SEE. IT WILL NOT LAST LONG.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Willow

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $66k271k

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

Neighborhood: North Willow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371567

* 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
J.b. Sutton Elementary School Primary Regular 782 39 2
Isaac Middle School Middle Regular 840 35 2
Carl Hayden High School High Regular 2,080 116 3

J.b. Sutton Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 39
2
GreatSchools Rating

Isaac Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 35
2
GreatSchools Rating

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating
 

$193,410$236,390$214,900

PURCHASE PRICE

$828$1,012$920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $920
EXPENSES Loan Payment -$746
Property Tax -$116
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$88

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.

$214,900

PROJECTED PRICE

$920

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$746

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$6,623

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 2708 W Garfield Street Phoenix, AZ
    • 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Angelica M Murrieta
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187940
Last Updated: 01/30/2021
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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