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3165 W Marconi Avenue Phoenix, AZ 85053

4 Beds 3 Baths 2,536 sqft Built 1984

$345,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $136.04
  • 2 Days on Market
  • MLS # : 6173031
  • Updated Date : 12/19/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,536 sqft
  • Baths : 2 full , 1 half
Listing Agent

Neighborhood Experts

Listing Agent's Description

$30,000 Below appraised value. Priced to SELL quickly. 4 bedrooms, 3 bath home located in desirable ESTRELLA NORTHWEST subdivision. NO HOA! Over sized lot at 14,460 sf - big enough for a pool. Owned Solar gives you an outstanding savings on your electric bill. Pay just $75 during the summer and SRP pays you during the winter. Also features separate family room and living room. Large bedrooms plus a den or office. You'll go crazy over the master suite with fireplace that leads out to your scenic balcony deck with fantastic views . HIGH vaulted ceilings, dual pane windows & beautiful open kitchen. Extra large backyard with lots of trees. Can be easily made into your oasis. Wonderful covered patios & air-conditioned workshop! Gorgeous neighborhood park and playground just down the block.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Estrella Northwest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Ironwood Elementary School Primary Regular 529 27 5
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Ironwood Elementary School

  • Education Level: Primary
  • # of students: 529
  • # of teachers: 27
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,273
Property Tax -$213
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
$238

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.

$345,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.1%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$50,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,6953$1,7504$1,900
$1,900
RENT COMPS ANALYSIS
  • 3165 W Marconi Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 3802 W Juniper Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 1980
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.69
    •  
  • 15424 N 31st Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,283 Sqft ∙ Built 1979
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 4055 W Aire Libre Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 2002
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
James Red
Neighborhood Experts
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173031
Last Updated: 12/19/2020
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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