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3230 W Taylor Street Phoenix, AZ 85009

3 Beds 1 Baths 1,222 sqft Built 1948

$179,999

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $147.30
  • 6 Days on Market
  • MLS # : 6096106
  • Updated Date : 12/22/2020 at 00:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,222 sqft
  • Baths : 1 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Beautiful home in west valley close to freeways and shopping ! 3 bedroom/large game storage room/ 1 bath! large lot ! !RV Gate /block fence /beautiful wrought iron gates front and back.New Paint on exterior of home .Come check out this great deal in the west valley area!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terra del Sol

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Terra del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6381567

* 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
J.b. Sutton Elementary School Primary Regular 782 39 2
Isaac Middle School Middle Regular 840 35 2
Carl Hayden High School High Regular 2,080 116 3

J.b. Sutton Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 39
2
GreatSchools Rating

Isaac Middle School

  • Education Level: Middle
  • # of students: 840
  • # of teachers: 35
2
GreatSchools Rating

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating
 

$161,999$197,999$179,999

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$664
Property Tax -$97
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
$179

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.

$179,999

PROJECTED PRICE

$1,090

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.5%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $134,999
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$33,032

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
  • $1,081

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,345
$1,345
RENT COMPS ANALYSIS
  • 3230 W Taylor Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1948 3 beds 1 baths ∙ 1,222 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2525 N 22nd Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1968
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.91
    •  
  • 3733 W Cypress Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.86
    •  
PROPERTY LISTING DETAILS
Enrique Barragan
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6096106
Last Updated: 12/22/2020
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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