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3010 E Portland Street Phoenix, AZ 85008

4 Beds 2 Baths 1,560 sqft Built 1949

$319,990

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1949
  • Price/Sqft : $205.12
  • 2 Days on Market
  • MLS # : 6168052
  • Updated Date : 12/05/2020 at 01:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Beautifully Newly REMODELED home! This is a 4 bedroom, 2 bath, 1560 sqft. Freshly painted both outside and inside entire home. New carpet in bedrooms and tile through main areas of the home. New windows and ceiling fans throughout. Master Bedroom features walk-in closet and Master shower. Bathrooms have been fully remodeled! Property features a RV side gate with Pass through carport to the backyard. Updated kitchen with refinished cabinets, new backsplash, sink, and countertops. New roof and new AC. Home is move-in ready and ready for your enjoyment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mcdowell Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Mcdowell Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7821567

* 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
Gateway School Primary Regular 797 39 1
Gateway School Middle Regular 797 39 1
Camelback High School High Regular 2,048 110 4

Gateway School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 39
1
GreatSchools Rating

Gateway School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 39
1
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$287,991$351,989$319,990

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,181
Property Tax -$203
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$40

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.

$319,990

PROJECTED PRICE

$1,500

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,547

INVESTMENT

$90,547

Down Payment
$79,998
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,998
Loan Amount $239,993
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,506

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
  • $1,654

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3453$1,3954$1,5005$1,790
$1,790
RENT COMPS ANALYSIS
  • 3010 E Portland Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1949 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1949
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2702 E Brill Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1938
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.99
    •  
  • 2448 N 38th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 1802 N 20th Street Phoenix, AZ 4
    • 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947 3 beds 1 baths ∙ 1,440 Sqft ∙ Built 1947
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.04
    •  
  • 2027 N 28th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950 4 beds 3 baths ∙ 1,660 Sqft ∙ Built 1950
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.08
    •  
PROPERTY LISTING DETAILS
Chris Palomino
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168052
Last Updated: 12/05/2020
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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