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2718 E Victor Hugo Avenue Phoenix, AZ 85032

3 Beds 3 Baths 2,043 sqft Built 1962

$367,500

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $179.88
  • 4 Days on Market
  • MLS # : 6196052
  • Updated Date : 02/20/2021 at 17:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Huge incredible property with mountain Views in all directions. Circular driveway in front. No HOA! The charming single level 3bd/2.5 baths has a great open floor plan with a large Bonus Room. The bonus room is an extra addition in the back where can you also find the laundry area, a bathroom and lots of storage. The floors are concrete. There is no carpet. The yard is huge with a ranch gate in the back. This is a unique property with lots of space in a fabulous location. Buyer to verify all facts.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Chateau Thierry

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k334k

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

Neighborhood: Chateau Thierry

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8621734

* 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
 

$330,750$404,250$367,500

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,276
Property Tax -$233
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
$105

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.

$367,500

PROJECTED PRICE

$1,780

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,138

INVESTMENT

$103,138

Down Payment
$91,875
Rehab Estimate
$5,750
Closing Costs
$5,513

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,276

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,875
Loan Amount $275,625
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$31,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7803$1,8004$1,8255$1,995
$1,995
RENT COMPS ANALYSIS
  • 2718 E Victor Hugo Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1962 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.87
    •  
  • 2621 E Vista Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 2706 E Sylvia Street Phoenix, AZ 3
    • 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
    •  
  • 2709 E Sylvia Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.99
    •  
  • 2514 E Vista Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1970
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.06
    •  
PROPERTY LISTING DETAILS
Benjamin Arredondo
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196052
Last Updated: 02/20/2021
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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