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3208 N 53rd Drive Phoenix, AZ 85031

3 Beds 2 Baths 1,320 sqft Built 1956

$209,900

List Price

$990

$891 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $159.02
  • 3 Days on Market
  • MLS # : 6205424
  • Updated Date : 03/12/2021 at 15:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,320 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

PRICED TO SELL FAST!!!! This 3 bed/2 bath home is located just off of 51st and Osborn in Phoenix. INVESTOR SPECIAL! Great property for a fix and flip, buy and hold, or add your own sweat equity and make this house your home. You will not find a better deal anywhere in the Valley. Schedule your private showing today before it's gone.

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
Maryvale High School High Regular 2,948 132 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Maryvale High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$729
Property Tax -$126
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$17

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.

$209,900

PROJECTED PRICE

$990

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$729

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$11,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,076

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$1,2753$1,345
$1,345
RENT COMPS ANALYSIS
  • 3208 N 53rd Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.75
    •  
  • 3026 N 39th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1958
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.81
    •  
  • 6241 W Wolf Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Alexis Sprofera
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205424
Last Updated: 03/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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