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2926 N Casa Tomas Court Phoenix, AZ 85016

2 Beds 2 Baths 1,065 sqft Built 1974

$210,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $197.18
  • 4 Days on Market
  • MLS # : 6167088
  • Updated Date : 12/04/2020 at 17:57
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,065 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

A charming 2 bed, 2 bath townhouse located in the heart of Phoenix is now on the market! With easy access to the community's refreshing pool and only a short drive away from all of the city's trending restaurants and venues, you simply couldn't ask for a better place than this! The home itself features an interior with elegant dining & living areas, and a charming kitchen comprised of ample cabinetry with a pantry, as well as matching stainless steel appliances. Inside the stunning master bedroom, you will find a private bath, a spacious closet with sliding mirror doors, and an exit with gorgeous French doors leading to the cozy back patio! Homes this great never last long, hurry and schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: La Tomas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $66k271k

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

Neighborhood: La Tomas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6821567

* 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
Loma Linda Elementary School Primary Regular 718 36 4
Loma Linda Elementary School Middle Regular 718 36 4
North High School High Regular 2,616 128 5

Loma Linda Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

Loma Linda Elementary School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 36
4
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$775
Property Tax -$133
Property Insurance -$48
HOA -$95
Property Management Fees -$99
CASH FLOW
$80

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.

$210,000

PROJECTED PRICE

$1,230

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$21,785

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,2003$1,2304$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 2926 N Casa Tomas Court Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,065 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.15
    •  
  • 2936 N 22nd Place Phoenix, AZ 1
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1974 2 beds 2 baths ∙ 980 Sqft ∙ Built 1974
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.20
    •  
  • 3311 N 18th Street #9 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1979
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.20
    •  
  • 1646 E Indianola Avenue #a Phoenix, AZ 4
    • 2 beds 2 baths ∙ 975 Sqft ∙ Built 1955 2 beds 2 baths ∙ 975 Sqft ∙ Built 1955
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.33
    •  
  • 2946 N 14th Street #15 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 1974
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.24
    •  
PROPERTY LISTING DETAILS
Javier Vidana-avelar
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167088
Last Updated: 12/04/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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