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4101 W Maryland Avenue Phoenix, AZ 85019

3 Beds 2 Baths 1,673 sqft Built 1960

$290,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $173.34
  • 1 Days on Market
  • MLS # : 6203796
  • Updated Date : 03/07/2021 at 05:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,673 sqft
  • Baths : 2 full
Listing Agent

A.z. & Associates

Listing Agent's Description

Look no further! You've found the home you longed for! Located in desirable Phoenix!**3 bedrooms and 1.75 baths**Absolutely Gorgeous Remodel!**Interior features a large open Great Room floor plan**Elegant Brand New Kitchen comprised of ample grey tone cabinetry with Beautiful Granite countertops and Stainless steel appliances including Refrigerator**New AC, New LED Lighting throughout, New Light Fixtures new windows, and ceiling fans**Fantastic Master bedroom with Remodeled Bath Room Tiled over sized Shower**Hall Bath Tub and Tiled Shower, new vanities, toilets, etc.**AZ Room perfect for a home office or hobby room**Backyard with a covered patio and tons of potential for customization**This home is simply a dream come true! Schedule a showing before it's gone!

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
Alhambra High School High Regular 2,770 139 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Alhambra High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$1,007
Property Tax -$159
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$115

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.

$290,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.42%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,305

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2503$1,400
$1,400
RENT COMPS ANALYSIS
  • 4101 W Maryland Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,673 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.72
    •  
  • 6535 N 44th Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 4539 W Montebello Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1973
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
PROPERTY LISTING DETAILS
Susan Nevel
A.z. & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203796
Last Updated: 03/07/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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