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3607 W Pierce Street Phoenix, AZ 85009

4 Beds 2 Baths 1,447 sqft Built 1954

$266,999

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $184.52
  • 6 Days on Market
  • MLS # : 6155598
  • Updated Date : 11/03/2020 at 17:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Beautiful Home Remoled with lots of Items for you to just enjoy! This is truly a Gem! with lots of space everywhere.. Close to schools,High school and I 10 FreewayNew Kitchen Cabinets,Granite counter topsNew baseboard ,New paint inside/outsideBrick wall,New fans,New windows,New carpetNew doors,Decorative stoneNew toilets ,New vanity's ,New bathroom Hardware New lighting ,New air ventsNew front landscape,New baseboard and door trim,New walls,Overall more than 30k in Upgrades

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Alta E. Butler Elementary School Primary Regular 775 40 2
Carl Hayden High School High Regular 2,080 116 3
Phoenix Coding Academy High Regular NA

Alta E. Butler Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 40
2
GreatSchools Rating

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$240,299$293,699$266,999

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$985
Property Tax -$144
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$174

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.

$266,999

PROJECTED PRICE

$1,110

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,505

INVESTMENT

$76,505

Down Payment
$66,750
Rehab Estimate
$5,750
Closing Costs
$4,005

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$985

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,750
Loan Amount $200,249
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,215

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,3453$1,350
$1,350
RENT COMPS ANALYSIS
  • 3607 W Pierce Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.77
    •  
  • 3733 W Cypress Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 1954
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.86
    •  
  • 2028 N 38th Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,645 Sqft ∙ Built 1954
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Veronica Gonzalez
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155598
Last Updated: 11/03/2020
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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