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355 W Hartford Road Kearny, AZ 85137

3 Beds 2 Baths 1,568 sqft Built 1960

$145,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $92.47
  • 1 Days on Market
  • MLS # : 6203840
  • Updated Date : 03/07/2021 at 04:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 1 full , 1 half
Listing Agent

Desert Mountain Realty

Listing Agent's Description

This is a home you want to come and see. This is a 3 Bedroom, 1 1/2 Bathroom, on a corner lot, with privacy fence on the South, West, and North sides of the back yard. The back yard has a nice covered patio the fill length of the house, and a carport that will cover 1 car. The back yard also has a nice large shed. As you enter the house, you see the nice Lamant wood flooring in the living room, and goes thru the halls to the bedrooms. There is beautiful tile in the kitchen, and both bathrooms. To the right, you notice an archway, into the carpeted family room. The Kitchen is large, with the dining area attached. Lota of room to entertain, or have family time. A real plus, is the city park, right beside the house, where your kids can play. This one wont last. Give us a call to check it out.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85137

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Zip Code: 85137

ZipNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6731567

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$130,500$159,500$145,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$504
Property Tax -$124
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$216

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.

$145,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) -1.9%
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

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$50k$100k$150k$200k$250k$300k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$44,175

INVESTMENT

$44,175

Down Payment
$36,250
Rehab Estimate
$5,750
Closing Costs
$2,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$504

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $36,250
Loan Amount $108,750
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$28,609

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
  • $1,176

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,150
$1,150
RENT COMPS ANALYSIS
  • 355 W Hartford Road Kearny, AZ 1
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 301 Hartford Road Kearny, AZ 2
    • 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,528 Sqft ∙ Built 1959
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ruby Hosea
Desert Mountain Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203840
Last Updated: 03/07/2021
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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