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4019 W Ocotillo Road Phoenix, AZ 85019

3 Beds 2 Baths 1,287 sqft Built 1960

$254,900

List Price

$960

$864 - $1.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $198.06
  • 3 Days on Market
  • MLS # : 6165422
  • Updated Date : 11/27/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,287 sqft
  • Baths : 1 full , 1 half
Listing Agent

Arizona 1st Land & Home Re Co

Listing Agent's Description

CHARMING BRICK HOME IN GREAT ALHAMBRA NEIGHBORHOOD ACROSS THE STREET FROM PRADERA PARK. HOME IS NEWLY UPDATED WITH INTERIOR & EXTERIOR PAINT,DUAL PANE WINDOWS, KITCHEN CABINETS, BATH VANITIES, GRANITE COUNTERS, BACKSPLASH, SS APPLIANCES, TILE SHOWER SURROUNDS,6 PANEL DOORS, CROWN MOLDING, LIGHT FIXTURES AND MUCH MORE. CALL TODAY TO SCHEDULE YOUR VIEWING.

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
Catalina Ventura School Primary Regular 1,078 48 3
Catalina Ventura School Middle Regular 1,078 48 3
Alhambra High School High Regular 2,770 139 3

Catalina Ventura School

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Catalina Ventura School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Alhambra High School

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

$229,410$280,390$254,900

PURCHASE PRICE

$864$1,056$960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $960
EXPENSES Loan Payment -$940
Property Tax -$140
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$272

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.

$254,900

PROJECTED PRICE

$960

PROJECTED RENT

0.38%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $960

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $914

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$960
1$9602$1,0003$1,250
$1,250
RENT COMPS ANALYSIS
  • 4019 W Ocotillo Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $960
    • $0.75
    •  
  • 6650 N 43rd Avenue #a Glendale, AZ 2
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.63
    •  
  • 6535 N 44th Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
PROPERTY LISTING DETAILS
Guillermo E Blanco
Arizona 1st Land & Home Re Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165422
Last Updated: 11/27/2020
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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