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3808 W Bloomfield Road Phoenix, AZ 85029

4 Beds 3 Baths 1,632 sqft Built 1971

$275,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $168.50
  • 3 Days on Market
  • MLS # : 6176161
  • Updated Date : 01/02/2021 at 19:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,632 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

This amazing tri-level home won't last long! It features 4 bedrooms with a split floor-plan, 2.5 baths which 2 of those bathrooms are attached to bedrooms! The kitchen overlooks the amazing patio deck with a huge backyard! Home comes with solar panels through APS. Buyer will receive a $30 credit every month for the panels and can be removed at anytime.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Sweetwater

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8661567

* 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
Chaparral Elementary School Primary Regular 500 34 5
Desert Foothills Junior High School Middle Regular 660 32 6
Moon Valley High School High Regular 1,479 70 5

Chaparral Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 34
5
GreatSchools Rating

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,015
Property Tax -$164
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$133

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.

$275,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.3%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$35,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4493$1,4494$1,5505$1,575
$1,575
RENT COMPS ANALYSIS
  • 3808 W Bloomfield Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,632 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,632 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4011 W Wood Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1979
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.98
    •  
  • 3414 W Cactus Road Phoenix, AZ 3
    • 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961 5 beds 2 baths ∙ 1,576 Sqft ∙ Built 1961
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.92
    •  
  • 4129 W Windrose Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1978
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 4027 W Wood Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.96
    •  
PROPERTY LISTING DETAILS
Andrea Lynn Wideman
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176161
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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