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36 W Ocotillo Road Phoenix, AZ 85013

3 Beds 2 Baths 1,852 sqft Built 1950

$550,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $296.98
  • 3 Days on Market
  • MLS # : 6113150
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,852 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Rarely available North Central location close to Murphy Bridal Path. This beautifully updated home on a large, irrigated, shady lot with mature vegetation is convenient to everything, bike or walk to uptown restaurants and shopping. Marble bathrooms, hard wood floors, the home is classically stylish. Relax in the shady large front and backyards. See the list of updates completed on this well built block home, under the documents tab. North/South lot. Madison School District, close to All Saints. Great location, nice neighbors .

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Central Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k604k

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

Neighborhood: North Central Corridor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342294

* 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
Madison Simis Elementary School Primary Regular 951 43 9
Madison Meadows Middle School Middle Regular 845 40 8
Central High School High Regular 2,251 136 3

Madison Simis Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 43
9
GreatSchools Rating

Madison Meadows Middle School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 40
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,029
Property Tax -$395
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$357

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.

$550,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,535

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
  • $2,102

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9754$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 36 W Ocotillo Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6618 N 7th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1957
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 6744 N 14th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
  • 6125 N Central Avenue #11 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
  • 740 W Tuckey Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,861 Sqft ∙ Built 1950
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.21
    •  
PROPERTY LISTING DETAILS
Constance Jordan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6113150
Last Updated: 11/13/2020
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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