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3770 E Pershing Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,905 sqft Built 1972

$359,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $188.45
  • 3 Days on Market
  • MLS # : 6167490
  • Updated Date : 12/03/2020 at 19:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,905 sqft
  • Baths : 2 full
Listing Agent

Skb Pm I

Listing Agent's Description

Remodeled kitchen. Great neighborhood, corner lot. Hardwood floors, large entertainers kitchen, SS GE appliances, fireplace, expansive family room, dining and living rooms, 3 BR, large master with double vanity on suite also has a separate entrance, walk in huge shower, walk in closet, LED lighting. Entertainers back yard with zero maintenance turf. New roof, new water heater, new sewer line with 10 year warranty. New washer and dry, and new plank flooring in laundry and shed. No HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Southern East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8941567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Indian Bend Elementary School Middle Regular 571 35 5
Shadow Mountain High School High Regular 1,390 67 3

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Indian Bend Elementary School

  • Education Level: Middle
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,325
Property Tax -$226
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$54

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.

$359,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,895

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,6753$1,7254$1,7755$2,000
$2,000
RENT COMPS ANALYSIS
  • 3770 E Pershing Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,905 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.87
    •  
  • 3651 E Ludlow Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 1970
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
  • 12617 N 34th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
  • 3827 E Friess Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1970
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.99
    •  
  • 3702 E Shaw Butte Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
PROPERTY LISTING DETAILS
Charles Ferguson
Skb Pm I
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167490
Last Updated: 12/03/2020
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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