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3541 E Flower Street Phoenix, AZ 85018

3 Beds 1 Baths 1,064 sqft Built 1953

$375,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $352.44
  • 1 Days on Market
  • MLS # : 6191701
  • Updated Date : 02/14/2021 at 01:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,064 sqft
  • Baths : 1 full
Listing Agent

Fusco Realty

Listing Agent's Description

Highly sought after neighborhood in the 85018 zip code. This lovely home has been owned only by 2 families since 1953. Beautiful shade trees in front, RV gate , lemon, lime and orange trees in the back. Workshop and a shed in the back, Saltillo tile throughout. Covered patio, You won't be disappointed. This is an established neighborhood close to schools, entertainment, sports facilities, places of worship, freeways and much much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Park Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Camelback High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,303
Property Tax -$238
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$427

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.

$375,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$637

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
  • $1,580

    COMP ESTIMATED VALUE
  • $1.49

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2493$1,2954$1,3505$1,900
$1,900
RENT COMPS ANALYSIS
  • 3541 E Flower Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1953
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3402 N 32nd Street #158 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 941 Sqft ∙ Built 1969 3 beds 2 baths ∙ 941 Sqft ∙ Built 1969
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $1.33
    •  
  • 3402 N 32nd Street #147 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 940 Sqft ∙ Built 1969 3 beds 2 baths ∙ 940 Sqft ∙ Built 1969
    property image
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.38
    •  
  • 3402 N 32nd Street #113 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 940 Sqft ∙ Built 1969 3 beds 2 baths ∙ 940 Sqft ∙ Built 1969
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.44
    •  
  • 3545 E Flower Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1950
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.79
    •  
PROPERTY LISTING DETAILS
Harriet Fusco
Fusco Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191701
Last Updated: 02/14/2021
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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