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4015 W Alice Avenue Phoenix, AZ 85051

3 Beds 2 Baths 1,582 sqft Built 1977

$330,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $208.60
  • 4 Days on Market
  • MLS # : 6172408
  • Updated Date : 12/17/2020 at 18:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Spacious 3 bedroom, 2 bath home on a large lot with a pool!! Light, bright and open! Split floor plan. Updated kitchen: self closing cabinet doors, large island with roll out drawers, built in micro/oven combo, granite counters and backsplash. Popcorn ceilings removed and tons of recessed lights throughout. Accent wall in the family room, prewired for surround sound, ceiling fan on remote and tile floors. Master lights on dimmer, built in vanity area with USB outlets, huge walk in closet and updated bathroom with tile shower, rain showerhead & vessel sink. Secondary bdrms good size with ceiling fans and tile floors. Hall bath also has tiled shower & vessel sink vanity. Large inside laundry room with extra storage. Programmable Nest thermostat & Low E, dual pane windows for efficiency.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Manzanita Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Manzanita Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Manzanita Elementary School Primary Regular 797 41 4
Manzanita Elementary School Middle Regular 797 41 4
Apollo High School High Regular 1,976 91 6

Manzanita Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Manzanita Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Apollo High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 91
6
GreatSchools Rating
 

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

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$1,218
Property Tax -$197
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$351

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.

$330,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.2%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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 65% 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

1.08

YEARS SAVED

$1,725

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,289

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,220
1$1,2202$1,2453$1,2954$1,4505$1,465
$1,465
RENT COMPS ANALYSIS
  • 4015 W Alice Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.77
    •  
  • 4039 W El Caminito Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1964
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.80
    •  
  • 4141 W Orchid Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1976
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.80
    •  
  • 4249 W Townley Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 1966
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 3828 W Mission Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.83
    •  
PROPERTY LISTING DETAILS
Sharmalee Anzar
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172408
Last Updated: 12/17/2020
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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