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3835 E Willow Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,296 sqft Built 1972

$330,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $254.63
  • 5 Days on Market
  • MLS # : 6169437
  • Updated Date : 12/09/2020 at 14:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This North Phoenix 3 bed/2 bath home is move in ready! The home has a meticulous front yard with beautiful roses. Walk in to a large sitting area and kitchen that is perfect for a family or great for entertaining. Home has a large laundry room with a bonus air conditioned arizona room and outdoor shed for extra storage. Bathrooms, partial kitchen, and A/C were recently updated and this home has 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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,218
Property Tax -$208
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$87

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.

$330,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,872

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
  • $1,484

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3753$1,5004$1,5855$1,600
$1,600
RENT COMPS ANALYSIS
  • 3835 E Willow Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3739 E Surrey Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.11
    •  
  • 3832 E Emile Zola Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.21
    •  
  • 13248 N 38th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.10
    •  
  • 3916 E Joan De Arc Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jacqueline K Williams
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169437
Last Updated: 12/09/2020
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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