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3807 W Marshall Avenue Phoenix, AZ 85019

3 Beds 2 Baths 1,443 sqft Built 1958

$250,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1958
  • Price/Sqft : $173.25
  • 3 Days on Market
  • MLS # : 6187540
  • Updated Date : 01/29/2021 at 22:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,443 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

You can not miss this great opportunity to own a beautiful home that you can make it your own. Centrally located near the I-17 and just a few minutes away from downtown. Newly renovated kitchen with gorgeous backsplash and lots of cabinet spacing with eat-in kitchen + dinning room. Living room larger than normal perfect for family nights or hosting guest. Main bathroom with separate toilet/shower room. HUGE backyard, clean and ready to do as you please. Laundry inside large Arizona room. Come and see it soon!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Country Life Homes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Country Life Homes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7661567

* 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
Sevilla Primary School Primary Regular 880 40 2
Alhambra High School High Regular 2,770 139 3
Phoenix Coding Academy High Regular NA

Sevilla Primary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 40
2
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$868
Property Tax -$137
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$10

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

$1,170

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
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

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$15,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,147

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,1993$1,250
$1,250
RENT COMPS ANALYSIS
  • 3807 W Marshall Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.81
    •  
  • 3725 W Meadowbrook Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,498 Sqft ∙ Built 1959
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.80
    •  
  • 6535 N 44th Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
PROPERTY LISTING DETAILS
Lucero Martinez
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187540
Last Updated: 01/29/2021
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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