Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

402 W Eva Street Phoenix, AZ 85021

3 Beds 1 Baths 1,008 sqft Built 1951

$269,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $266.87
  • 3 Days on Market
  • MLS # : 6159739
  • Updated Date : 11/14/2020 at 13:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,008 sqft
  • Baths : 1 full
Listing Agent

Realty Exchange

Listing Agent's Description

Upshaw Desert Gardens is where you want to be! Outstanding corner lot home in desirable Phoenix is waiting just for you. Offering carport space and grassy front landscaping. Step inside this highly upgraded interior complete with 3 perfectly sized bedrooms, 1 bathroom, neutral color palette, carpet in all the right places, beautiful wood-like tile, lots of natural light throughout the entire house, and so much more. Practice your cooking skills in this impressive kitchen providing everything you need; recessed lighting, plenty cabinet/counter space, lovely back-splash, and high-end appliances ready to be used. White canvas backyard with covered patio, RV gate, and incredible mountain views is perfect to get creative and make it your own. What are you waiting for? This is the one. Call now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Upshaw Desert Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Upshaw Desert Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7181567

* 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
Mountain View School Primary Regular 1,505 79 2
Sunnyslope High School High Regular 2,064 88 6

Mountain View School

  • Education Level: Primary
  • # of students: 1,505
  • # of teachers: 79
2
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$992
Property Tax -$160
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$169

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.

$269,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$6,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,207

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,1503$1,1954$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 402 W Eva Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1951 3 beds 1 baths ∙ 1,008 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.12
    •  
  • 8821 N 4th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946 3 beds 2 baths ∙ 953 Sqft ∙ Built 1946
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.21
    •  
  • 1631 W Cheryl Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,040 Sqft ∙ Built 1958
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.15
    •  
  • 206 E Butler Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1957
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.28
    •  
  • 15 W Mission Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ryan Clandening
Realty Exchange
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159739
Last Updated: 11/14/2020
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.

BESbswy