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3927 E Emile Zola Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,536 sqft Built 1972

$399,940

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $260.38
  • 4 Days on Market
  • MLS # : 6199112
  • Updated Date : 02/25/2021 at 23:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

Check out this completely remodeled home in North Phoenix! This beautiful home was taken down to the studs and fully renovated 18 months ago, making it ready for immediate move-in. All major systems are newer as well. Included in the open floor plan is a large bonus room that is perfect for a home office, playroom, or workout room. Don't miss this one, it will go fast!

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
Greenway Middle School Middle Regular 518 26 2
Shadow Mountain High School High Regular 1,390 67 3
Greenway Middle School Middle Unknown NA

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

Shadow Mountain High School

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

Greenway Middle School

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

$359,946$439,934$399,940

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,389
Property Tax -$252
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$294

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.

$399,940

PROJECTED PRICE

$1,500

PROJECTED RENT

0.38%

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-$6.0k-$4.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,734

INVESTMENT

$111,734

Down Payment
$99,985
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,985
Loan Amount $299,955
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,326

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
  • $1,650

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 3927 E Emile Zola Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3832 E Emile Zola Avenue Phoenix, AZ 2
    • 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
    •  
  • 4030 E Windrose Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
  • 3916 E Joan De Arc Avenue Phoenix, AZ 4
    • 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
    •  
  • 13015 N 37th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.20
    •  
PROPERTY LISTING DETAILS
Jonah Reinholz
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199112
Last Updated: 02/25/2021
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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