Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
2802 W Griswold Road 
Phoenix, AZ
85051
2 Beds 1 Baths 914 sqft
Built 1954
INVESTimate
$215,000
List Price
$62,725
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1954
- Price/Sqft : $235.23
- 3 Days on Market
- MLS # : 6121828
- Updated Date : 08/24/2020 at 12:00
CONSTRUCTION
- Beds : 2
- Floor Size : 914 sqft
- Baths : 1 full
Listing Agent
Big Door Realty, Llc
Listing Agent's Description
Step inside this move in ready 2 bed 1 bath property and feel at Home!! Updated 2019 with lots of storage space, stainless steel appliance and huge front and back yard ready for your dream project.... Easy access to nearest freeways: I-17, I-10, SR-51... Did I mention NO HOA and minutes to Downtown! Don't look further... Welcome Home before this DREAM HOME IS GONE!!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Alta Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $820 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$128 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$246
|
||
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.
$215,000
PROJECTED PRICE
$820
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 10.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
0.92
YEARS SAVED
$927
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$820
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$811
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2802 W Griswold Road Phoenix, 4
- 2 beds 1 baths ∙ 914 Sqft ∙ Built 1954 2 beds 1 baths ∙ 914 Sqft ∙ Built 1954
- Rent
- Rent Per SQFT
- $820
- $0.90
-
2506 W Augusta Avenue #2 Phoenix, 1
- 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946
LEASED 06/01/20- Rent
- Rent Per SQFT
- $725
- $0.91
-
3331 W Harmont Drive #2 Phoenix, 2
- 2 beds 1 baths ∙ 900 Sqft ∙ Built 1974 2 beds 1 baths ∙ 900 Sqft ∙ Built 1974
LEASED 09/20/19- Rent
- Rent Per SQFT
- $775
- $0.86
-
3315 W Loma Lane #3 Phoenix, 3
- 2 beds 1 baths ∙ 900 Sqft ∙ Built 1974 2 beds 1 baths ∙ 900 Sqft ∙ Built 1974
LEASED 02/15/20- Rent
- Rent Per SQFT
- $795
- $0.88
-
2624 W Orangewood Avenue #5 Phoenix, 5
- 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963
LEASED 09/19/19- Rent
- Rent Per SQFT
- $1,075
- $0.90
PROPERTY LISTING DETAILS
Big Door Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121828
Last Updated: 08/24/2020
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.
