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3140 N 26th Place Phoenix, AZ 85016

4 Beds 2 Baths 2,001 sqft Built 1948

INVESTimate

$480,000

List Price

$2,180

$1,962 - $2,398

Rent Est.

$512,016  ( +6.67%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 1948
  • Price/Sqft : $239.88
  • 1 Days on Market
  • MLS # : 6121998
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Hurry to this spacious 4 bedrooms + office updated home waiting for a lucky new buyer! Nestled in the historic PhoenixHomesteads neighborhood on a quiet street with friendly neighbors. This home offers a bright open floor plan. The island kitchen overlooks the great room & is dressed with white shaker style cabinets, stainless appliances & marble counter tops. Beautiful tile plank flooring in all the right places. A backyard to fit everyones needs + a Double RV gate to the back alley makes the workshop/garage a great place to store all your toys. Close to the Biltmore, shopping, restaurants, schools. Be sure to check out the photos section & document section for more details/feature.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Linda Haciendas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Linda Haciendas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8901567

* 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
Larry C. Kennedy School Primary Regular 672 35 2
Larry C. Kennedy School Middle Regular 672 35 2
Camelback High School High Regular 2,048 110 4

Larry C. Kennedy School

  • Education Level: Primary
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Larry C. Kennedy School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 35
2
GreatSchools Rating

Camelback High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,771
Property Tax -$304
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$480,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.67%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$30,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,416

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,1003$2,1804$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 3140 N 26th Place Phoenix, 3
    • 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1948 4 beds 2 baths ∙ 2,001 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.09
    •  
  • 2617 N 27th Street Phoenix, 1
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1943 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1943
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.10
    •  
  • 3232 N 27th Place Phoenix, 2
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1948
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.26
    •  
  • 2943 E Earll Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1950
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.20
    •  
  • 3029 E Heatherbrae Drive Phoenix, 5
    • 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,976 Sqft ∙ Built 1955
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.27
    •  
PROPERTY LISTING DETAILS
Jennifer Beveridge
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121998
Last Updated: 08/26/2020
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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