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3026 N 46th Avenue Phoenix, AZ 85031

3 Beds 2 Baths 1,405 sqft Built 1958

$273,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1958
  • Price/Sqft : $194.31
  • 1 Days on Market
  • MLS # : 6157896
  • Updated Date : 11/07/2020 at 23:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,405 sqft
  • Baths : 1 full , 1 half
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

If It Is space you're wanting, look no further! This homes is Very Spacious!!! move in ready 3 bed/1.75 bath single story home with a huge lot with access through the back. The kitchen has brand new counter tops or cabinet space beautiful white cabinets and stainless steel appliances including refrigerator. Low maintenance BIG backyard offers large covered patio and plenty of room to entertain. This incredible home will sell in a flash. Don't miss it!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Justine Spitalny Elementary School Primary Regular 630 31 2
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

Justine Spitalny Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 31
2
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$245,700$300,300$273,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$1,007
Property Tax -$164
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$325

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.

$273,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$736

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
  • $1,096

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9503$1,1994$1,2455$1,325
$1,325
RENT COMPS ANALYSIS
  • 3026 N 46th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,405 Sqft ∙ Built 1958
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3840 N 43rd Avenue #44 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.76
    •  
  • 3725 W Meadowbrook Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.80
    •  
  • 3823 N 48th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1956
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 6020 W Pinchot Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
PROPERTY LISTING DETAILS
Cecilia Quiroz Gonzalez
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157896
Last Updated: 11/07/2020
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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