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3929 W Bethany Home Road Phoenix, AZ 85019

4 Beds 2 Baths 1,590 sqft Built 1970

$265,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $166.67
  • 5 Days on Market
  • MLS # : 6153150
  • Updated Date : 10/31/2020 at 22:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,590 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Motivated sellers! One-of-a-kind opportunity to own a beautiful split-level home in Phoenix as a primary or investment property! Located within less than 2 miles of Grand Canyon University and close to the major freeways and shopping centers makes this location ideal. The home sits on a large lot with plenty of space for storage or fun! Enjoy your 3'-13' large pool with recently installed security fence as well as a brand-new outdoor shed for storage. The sprinkler and drip systems in both the front and back yards provide for beautiful rose bushes to grow. The home features a covered patio and RV gate/parking. Inside you have plenty of space with four bedrooms and 2 bathrooms, real hard wood floors in living spaces, and just under 1600 sq ft. This gorgeous home is perfect for you! NO HOA

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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 West School Primary Regular 1,153 46 4
Sevilla West School Middle Regular 1,153 46 4
Alhambra High School High Regular 2,770 139 3

Sevilla West School

  • Education Level: Primary
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Sevilla West School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Alhambra High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$978
Property Tax -$145
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$80

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.

$265,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,438

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,232

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2003$1,2104$1,2505$1,349
$1,349
RENT COMPS ANALYSIS
  • 3929 W Bethany Home Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,590 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 6692 N 43rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 4251 W Keim Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 6535 N 44th Avenue Glendale, AZ 4
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 5620 N 34th Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.73
    •  
PROPERTY LISTING DETAILS
Heather R Homcho
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153150
Last Updated: 10/31/2020
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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