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2945 W Roosevelt Street 
Phoenix, AZ
85009
3 Beds 2 Baths 1,300 sqft
Built 1952
INVESTimate
$229,000
List Price
$66,435
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PROPERTY INFO
FACTS
- Built In 1952
- Price/Sqft : $176.15
- 2 Days on Market
- MLS # : 6122187
- Updated Date : 08/25/2020 at 17:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,300 sqft
- Baths : 2 full
Listing Agent
Nexgen Real Estate
Listing Agent's Description
beautiful home that was just remodeled, RV gate, stunning white kitchen and much more! close to schools! must see in person, wont last!
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PRICE & RENT TRENDS
Neighborhood: Willow Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Willow Square
* 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 | $960 |
| EXPENSES | Loan Payment | -$845 |
| Property Tax | -$124 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$160
|
||
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.
$229,000
PROJECTED PRICE
$960
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 14.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,435
LOAN DETAILS
$845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,250 |
| Loan Amount | $171,750 |
2.42
YEARS SAVED
$4,734
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
-
$1,099
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2945 W Roosevelt Street Phoenix, 1
- 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1952
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2525 N 22nd Drive Phoenix, 2
- 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,050
- $0.83
-
3337 W Edgemont Avenue Phoenix, 3
- 4 beds 3 baths ∙ 1,426 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,426 Sqft ∙ Built 1954
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,245
- $0.87
-
3733 W Cypress Street Phoenix, 4
- 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,345
- $0.86
-
2028 N 38th Avenue Phoenix, 5
- 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,350
- $0.82
PROPERTY LISTING DETAILS
Nexgen Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122187
Last Updated: 08/25/2020
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.
