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2933 W Diana Avenue Phoenix, AZ 85051

3 Beds 2 Baths 1,180 sqft Built 1954

$230,000

List Price

$960

$864 - $1.1K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $194.92
  • 4 Days on Market
  • MLS # : 6175746
  • Updated Date : 12/31/2020 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 1 full , 1 half
Listing Agent

Pro-formance Realty Concepts

Listing Agent's Description

Well Maintained 3 bedroom, 1.5 bath, brick home. A spacious family room greets you as you enter with Plantation Shutters and 18'' tile floors. The eat in kitchen as plenty of room for a dinning room table which will be great for hosting friends or family. The kitchen appliances have been recently updated in the past couple years. There is an oversized indoor laundry room right off the kitchen with a great pantry too! Refrigerator/Washer/and Dryer are Included!! AC and Roof were replaced in 2010, New Tile Flooring in 2015. The large backyard has plenty of room to make it your own. Add a pool, swing set, or store all of your toys. This property has NO HOA. N/S exposure and close access to the freeway. Please schedule your appointment today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6461567

* 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
Alta Vista Elementary School Primary Regular 647 36 3
Alta Vista Elementary School Middle Regular 647 36 3
Cortez High School High Regular 1,127 55 4

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Alta Vista Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$864$1,056$960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $960
EXPENSES Loan Payment -$849
Property Tax -$137
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$175

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.

$230,000

PROJECTED PRICE

$960

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$3,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $960

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,019

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9603$1,1954$1,385
$1,385
RENT COMPS ANALYSIS
  • 2933 W Diana Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $960
    • $0.81
    •  
  • 3326 W Northern Avenue #1 Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.79
    •  
  • 3613 W Harmont Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 3410 W Orchid Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1960
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.92
    •  
PROPERTY LISTING DETAILS
Melissa Ellison
Pro-formance Realty Concepts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175746
Last Updated: 12/31/2020
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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