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3437 W Shangri La Road Phoenix, AZ 85029

3 Beds 2 Baths 1,260 sqft Built 1970

$230,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $182.54
  • 2 Days on Market
  • MLS # : 6157557
  • Updated Date : 11/06/2020 at 20:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,260 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

3 bedrooms, 2 full baths, no hoa, culdasac, fireplace, carport, tile floor, carpet in bedrooms, fenced yard, alley

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Lakeview Elementary School Primary Regular 576 29 4
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 29
4
GreatSchools Rating

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$849
Property Tax -$137
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$73

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.

$230,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$24,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,235

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2103$1,2504$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 3437 W Shangri La Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.96
    •  
  • 11818 N 35th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1970
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.00
    •  
  • 11042 N 28th Drive #136 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 1977
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 4002 W Cortez Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1978
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 4064 W Desert Cove Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dorrie J Sauerzopf
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157557
Last Updated: 11/06/2020
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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