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4016 N 55th Avenue Phoenix, AZ 85031

4 Beds 2 Baths 1,400 sqft Built 1956

$269,995

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $192.85
  • 3 Days on Market
  • MLS # : 6181150
  • Updated Date : 01/16/2021 at 03:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

The John Samuels Agency

Listing Agent's Description

Beautiful fully remodeled 4/2 in Phoenix priced to sell! This beautiful property has a nice contemporary open concept floor plan. The amenities include stainless steel appliances, granite counter tops, and custom tile showers. This home has a large one vehicle carport and space to park an RV. In addition, property includes a back patio with a spacious back yard perfect for entertaining family or friends. Property is close to dining, shopping, schools, and is easily accessible to the I-10 freeways. Don't miss out on this opportunity.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Frank Borman Elementary School Primary Regular 1,241 56 1
Frank Borman Elementary School Middle Regular 1,241 56 1
Maryvale High School High Regular 2,948 132 2

Frank Borman Elementary School

  • Education Level: Primary
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Frank Borman Elementary School

  • Education Level: Middle
  • # of students: 1,241
  • # of teachers: 56
1
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$242,996$296,995$269,995

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$938
Property Tax -$163
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$214

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.

$269,995

PROJECTED PRICE

$1,040

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$77,299

INVESTMENT

$77,299

Down Payment
$67,499
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,499
Loan Amount $202,496
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,845

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
  • $1,057

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,325
$1,325
RENT COMPS ANALYSIS
  • 4016 N 55th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2844 N 57th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1970
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 6020 W Pinchot Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
PROPERTY LISTING DETAILS
Preston Royce
The John Samuels Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181150
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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