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4052 N 79th Avenue Phoenix, AZ 85033

3 Beds 2 Baths 1,138 sqft Built 1963

$255,000

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $224.08
  • 1 Days on Market
  • MLS # : 6170874
  • Updated Date : 12/12/2020 at 18:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,138 sqft
  • Baths : 2 full
Listing Agent

All In The Family Re

Listing Agent's Description

BEAUTIFUL 3 BEDROOM 2 BATH HOME WITH A GOOD SIZED LOT AND AN RV GATE TO THE BACKYARD AS WELL AS A STORAGE SHED AND A LARGE COVERED PATIO. HOME HAS BEEN RE-DONE, NEW TILE FLOORING IN THE KITCHEN, GREAT ROOM AND HALLWAY. NEW CARPET IN ALL OF THE BEDROOMS. THE KITCHEN HAS BEEN COMPLETELY RE-DONE WITH NEW CABINETS AND NEW GRANITE COUNTER TOPS AND STAINLESS APPLIANCES. THE HOME HAS NEW PAINT INSIDE AND OUTSIDE. BOTH BATHROOMS HAVE BEEN COMPLETELY RE-DONE. THIS IS ONE TO SEE. PRICED RIGHT AND WILL GO QUICK.

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
Starlight Park Elementary School Primary Regular 895 56 2
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Starlight Park Elementary School

  • Education Level: Primary
  • # of students: 895
  • # of teachers: 56
2
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$941
Property Tax -$154
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$263

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.

$255,000

PROJECTED PRICE

$980

PROJECTED RENT

0.38%

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,677

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $980

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $884

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$980
1$9802$1,0493$1,0954$1,125
$1,125
RENT COMPS ANALYSIS
  • 4052 N 79th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,138 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $980
    • $0.86
    •  
  • 3015 N 77th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,049
    • $0.75
    •  
  • 7728 W Reade Avenue Glendale, AZ 3
    • 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.78
    •  
  • 8802 W Pinchot Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.80
    •  
PROPERTY LISTING DETAILS
Luke R Webster
All In The Family Re
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170874
Last Updated: 12/12/2020
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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