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3729 W Latham Street Phoenix, AZ 85009

3 Beds 2 Baths 1,360 sqft Built 1946

INVESTimate

$239,900

List Price

$990

$891 - $1,089

Rent Est.

$262,451  ( +9.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $176.40
  • 7 Days on Market
  • MLS # : 6107629
  • Updated Date : 08/20/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

EASY TO SHOW VACANT, GORGEOUS home you wouldn't be disappointed! This home is remodeled with endless upgrade. This beautiful home feature 3 bedrooms 2 bathrooms, designer white kitchen cabinets, gorgeous counter tops, tile floor through out the house , and brand new carpet, located near the freeway I-10, 10 minute drive to downtown Phoenix.

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$891$1,089$990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $990
EXPENSES Loan Payment -$885
Property Tax -$130
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$177

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.

$239,900

PROJECTED PRICE

$990

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.40%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $990

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,180

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$990
1$9902$9993$1,2454$1,3455$1,350
$1,350
RENT COMPS ANALYSIS
  • 3729 W Latham Street Phoenix, 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $990
    • $0.73
    •  
  • 3101 N 37th Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1958
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.93
    •  
  • 3337 W Edgemont Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 1,426 Sqft ∙ Built 1954 4 beds 3 baths ∙ 1,426 Sqft ∙ Built 1954
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.87
    •  
  • 3733 W Cypress Street Phoenix, 4
    • 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, 5
    • 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
Maria Guerrero
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6107629
Last Updated: 08/20/2020
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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