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314 E Marconi Avenue Phoenix, AZ 85022

4 Beds 2 Baths 2,079 sqft Built 1981

$463,870

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $223.12
  • 4 Days on Market
  • MLS # : 6156292
  • Updated Date : 11/05/2020 at 12:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,079 sqft
  • Baths : 2 full
Listing Agent

Re/max Ascend Realty

Listing Agent's Description

Charming home in the desirable Moon Valley Sandahl community. Corner lot with large yard. A pool for the family to relax in. Master bedroom features his/her walk-in closets with a separate exit out into the backyard. Established neighborhood with no HOA. Pride of ownership shows throughout the neighborhood. Located minutes away from a multitude of hiking trails. This home is priced for the work that needs to be done. It is being sold As Is. Thank you for showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k475k

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

Neighborhood: Sandahl Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342134

* 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
Lookout Mountain Elementary School Primary Regular 1,022 50 9
Lookout Mountain Elementary School Middle Regular 1,022 50 9
Thunderbird High School High Regular 1,507 63 6

Lookout Mountain Elementary School

  • Education Level: Primary
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Lookout Mountain Elementary School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$417,483$510,257$463,870

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,711
Property Tax -$277
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$365

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.

$463,870

PROJECTED PRICE

$1,790

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$5.0k$0.0$5.0k$10k

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$128,676

INVESTMENT

$128,676

Down Payment
$115,968
Rehab Estimate
$5,750
Closing Costs
$6,958

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,711

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,968
Loan Amount $347,903
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$6,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8753$2,0004$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 314 E Marconi Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,079 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.86
    •  
  • 609 W Kelton Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.91
    •  
  • 911 E Sandra Terrace Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1989
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 16009 N 7th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 15828 N 10th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,191 Sqft ∙ Built 1988
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
PROPERTY LISTING DETAILS
Raquel Martinez Garcia
Re/max Ascend Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156292
Last Updated: 11/05/2020
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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