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4002 W Voltaire Avenue Phoenix, AZ 85029

4 Beds 2 Baths 1,938 sqft Built 1980

$305,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $157.38
  • 2 Days on Market
  • MLS # : 6172665
  • Updated Date : 12/18/2020 at 20:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,938 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Don't miss out on this great home with no HOA. This will be a perfect home for your family with little work. There is tons of potential! 4 bedrooms, 2 bathrooms. Nice floor plan with large family room + Formal living room, good size Master bedroom with a walk-in closet. Covered back patio and RV gate.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Ray Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k341k

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

Neighborhood: Sun Ray Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9271567

* 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
Greenway High School High Regular 1,474 68 7

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

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,125
Property Tax -$182
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$209

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.

$305,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$0.0$5.0k$10k$15k$20k

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$46,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,778

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6803$1,8004$1,9055$1,995
$1,995
RENT COMPS ANALYSIS
  • 4002 W Voltaire Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 4138 W Sweetwater Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 4007 W Rue De Lamour Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 4315 W Redfield Road Glendale, AZ 4
    • 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,098 Sqft ∙ Built 1977
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,905
    • $0.91
    •  
  • 3745 W Willow Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 1980
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jila Abokikhairi
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172665
Last Updated: 12/18/2020
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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