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3801 W Northview Avenue Phoenix, AZ 85051

3 Beds 2 Baths 1,292 sqft Built 1961

$250,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $193.50
  • 3 Days on Market
  • MLS # : 6165110
  • Updated Date : 11/28/2020 at 16:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Don't miss out on this move in ready home with updated dual pane windows and fresh paint. The refrigerator, washer, and dryer all stay with the home. Enjoy the screened in patio looking into the green backyard that is shaded with trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sungold

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sungold

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7731567

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$922
Property Tax -$149
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$93

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.

$250,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,317

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,166

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1303$1,1754$1,2755$1,299
$1,299
RENT COMPS ANALYSIS
  • 3801 W Northview Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.87
    •  
  • 3902 W Griswold Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.92
    •  
  • 6604 N 43rd Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.83
    •  
  • 3744 W Palmaire Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1960
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.93
    •  
  • 4225 W State Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1970
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.93
    •  
PROPERTY LISTING DETAILS
Derek Darling
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165110
Last Updated: 11/28/2020
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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