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3612 W Eva Street Phoenix, AZ 85051

5 Beds 2 Baths 1,904 sqft Built 1967

$350,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $183.82
  • 2 Days on Market
  • MLS # : 6208221
  • Updated Date : 03/27/2021 at 00:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,904 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

YOU JUST HAVE TO SEE THIS 4-5 bedroom, 2 bath POOL home with newer AC and remodeled baths! With a formal living room and fireplace in family room. Add a covered patio and low maintenance back yard featuring a refreshing pool, pergola and artificial turf you are ready for entertaining! Beautifully updated home w/a neutral tile floor, custom palette, ceiling fans, recessed lighting, & window blinds. Your new Kitchen offers a breakfast bar, stylish counters, coffered ceiling, pantry, & plenty of wood cabinets. Handsome engineered wood floors in all bedrooms, ample closets, 2 upscale baths with granite counters, and interior laundry room with storage cabinets. Attached garage has more storage cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkwood South

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Parkwood South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Cholla Middle School Middle Regular 658 38 4
Cortez High School High Regular 1,127 55 4

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,216
Property Tax -$209
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$208

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.

$350,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,552

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,3803$1,4004$1,5755$1,649
$1,649
RENT COMPS ANALYSIS
  • 3612 W Eva Street Phoenix, AZ 2
    • 5 beds 2 baths ∙ 1,904 Sqft ∙ Built 1967 5 beds 2 baths ∙ 1,904 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.72
    •  
  • 8608 N 33rd Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1960
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.80
    •  
  • 3807 W Becker Lane #0 Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 1969
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 3602 W Ruth Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 1960
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.81
    •  
  • 3649 W Beryl Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.87
    •  
PROPERTY LISTING DETAILS
William Ormsby
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208221
Last Updated: 03/27/2021
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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