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3745 W Palmaire Avenue Phoenix, AZ 85051

3 Beds 3 Baths 1,605 sqft Built 1960

$279,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $173.83
  • 5 Days on Market
  • MLS # : 6174114
  • Updated Date : 12/23/2020 at 14:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,605 sqft
  • Baths : 2 full , 1 half
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Elegant pool home with outdoor shed & closet and custom pool bathroom. Custom porcelain tile throughout house with new bathroom vanity and shower. Less than 6 year old roof and newer kitchen cabinets.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k271k

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

Neighborhood: Cox Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7841567

* 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
Roadrunner Elementary School Primary Regular 797 35 4
Roadrunner Elementary School Middle Regular 797 35 4
Washington High School High Regular 1,714 73 4

Roadrunner Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Roadrunner Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 35
4
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,029
Property Tax -$166
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$57

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.

$279,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.5%
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$14k

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,010

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,175
1$1,1752$1,4103$1,4504$1,5995$1,600
$1,600
RENT COMPS ANALYSIS
  • 3745 W Palmaire Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.88
    •  
  • 6604 N 43rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.83
    •  
  • 4601 W Northview Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1974
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.86
    •  
  • 6519 N 35th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1959
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.93
    •  
  • 3908 W Maryland Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1960
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174114
Last Updated: 12/23/2020
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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