Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3602 W Missouri Avenue Phoenix, AZ 85019

4 Beds 2 Baths 1,643 sqft Built 1956

$249,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $152.10
  • 3 Days on Market
  • MLS # : 6176134
  • Updated Date : 01/01/2021 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Petersen Realty

Listing Agent's Description

This home is refreshed and ready to go. Home features new paint inside and out as well as a new roof new flooring and freshly updated kitchen and bathrooms. No lack of space here large great room upon entry open to the formal dining area, home features an additional bonus room/family room. Nice size kitchen with stainless appliances including refrigerator and access off to the back patio. Home boasts four large bedrooms two bathrooms with beautiful tile work. A private laundry area off the back patio and a large backyard waiting for your personal touches. Welcome home~

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Life Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Country Life Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7661567

* 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
Sevilla West School Primary Regular 1,153 46 4
Sevilla West School Middle Regular 1,153 46 4
Alhambra High School High Regular 2,770 139 3

Sevilla West School

  • Education Level: Primary
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Sevilla West School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$922
Property Tax -$137
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$33

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.

$249,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$21,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,269

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1993$1,2104$1,2505$1,349
$1,349
RENT COMPS ANALYSIS
  • 3602 W Missouri Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.76
    •  
  • 4646 N 26th Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1972
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 3725 W Meadowbrook Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.80
    •  
  • 4251 W Keim Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 5620 N 34th Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.73
    •  
PROPERTY LISTING DETAILS
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176134
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy