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4128 E Edgemont Avenue Phoenix, AZ 85008

3 Beds 2 Baths 1,448 sqft Built 1955

$450,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $310.77
  • 2 Days on Market
  • MLS # : 6163512
  • Updated Date : 11/21/2020 at 12:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,448 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Fantastic single level home in Arcadia adjacent neighborhood, this 3 bedroom, 2 bath, has had the entire home upgraded within the past 2 years. Modern and spacious open concept with gray wood flooring, wall to wall porcelain bathrooms with waterfall showers. Bonus room could be used for office or kid's play area. Large french doors open to a huge covered patio with a beautiful built-in BBQ. Conveniently located close to Scottsdale, Midtown Phoenix, downtown, the 51 and 202.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k387k

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

Neighborhood: Rancho Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342008

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,660
Property Tax -$266
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$461

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,716

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,620
1$1,6202$1,7003$1,7504$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 4128 E Edgemont Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,448 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.12
    •  
  • 2009 N 46th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
  • 4238 E Pinchot Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1953
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.22
    •  
  • 4119 E Palm Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 1958
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.16
    •  
  • 4037 E Flower Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1955
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.17
    •  
PROPERTY LISTING DETAILS
Veronica Estrada
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163512
Last Updated: 11/21/2020
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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