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3617 W Voltaire Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,345 sqft Built 1971

$330,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $245.35
  • 3 Days on Market
  • MLS # : 6199800
  • Updated Date : 02/28/2021 at 04:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,345 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Pride of ownership shows! 3-Bedroom, 2-Bathroom. 2-Car Garage. PRIVATE POOL, Big Backyard. RV GATE and LOTS of space for your boat/trailer/RV.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunderbird Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Thunderbird Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8611567

* 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
Desert Foothills Junior High School Middle Regular 660 32 6
Moon Valley High School High Regular 1,479 70 5

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,146
Property Tax -$197
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$175

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.

$330,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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$200k$400k$600k$800k$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,806

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3853$1,3954$1,4495$1,450
$1,450
RENT COMPS ANALYSIS
  • 3617 W Voltaire Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $0.98
    •  
  • 3150 W Willow Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.96
    •  
  • 12602 N 38th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1972
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 4011 W Wood Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.98
    •  
  • 3838 W Dailey Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1978
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
PROPERTY LISTING DETAILS
Christopher D Adams
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199800
Last Updated: 02/28/2021
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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