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4130 N Mitchell Street Phoenix, AZ 85014

3 Beds 1 Baths 1,040 sqft Built 1950

INVESTimate

$307,999

List Price

$1,110

$999 - $1,221

Rent Est.

$339,446  ( +10.21%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1950
  • Price/Sqft : $296.15
  • 8 Days on Market
  • MLS # : 6119565
  • Updated Date : 08/19/2020 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,040 sqft
  • Baths : 1 full
Listing Agent

Realty Executives

Listing Agent's Description

Beautifully UPDATED and MOVE-IN Ready House in Phoenix! Nice OPEN floor plan with a STUNNING KITCHEN, fully equipped with white cabinets, QUARTZ counters, upgraded stainless steel appliances, and tiled BACKSPLASH. Beautiful master bathroom with WATERFALL effect tiled shower. This home boasts hard flooring throughout, modern landscape, private backyard, NEW fence, and TRANE A/C. And all new insulation makes this house very ENERGY EFFICIENT!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8161567

* 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
Longview Elementary School Primary Alternative 627 33 2
Osborn Middle School Middle Alternative 565 30 5
North High School High Regular 2,616 128 5

Longview Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 33
2
GreatSchools Rating

Osborn Middle School

  • Education Level: Middle
  • # of students: 565
  • # of teachers: 30
5
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$277,199$338,799$307,999

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$1,136
Property Tax -$162
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$335

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.

$307,999

PROJECTED PRICE

$1,110

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.21%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,370

INVESTMENT

$87,370

Down Payment
$77,000
Rehab Estimate
$5,750
Closing Costs
$4,620

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,000
Loan Amount $230,999
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,144

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,110
1$1,1102$1,3503$1,4004$1,4455$1,450
$1,450
RENT COMPS ANALYSIS
  • 4130 N Mitchell Street Phoenix, 1
    • 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $1.07
    •  
  • 805 E Roma Avenue #120 Phoenix, 2
    • 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1944 4 beds 2 baths ∙ 1,200 Sqft ∙ Built 1944
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
  • 208 W Glenrosa Avenue Phoenix, 3
    • 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,255 Sqft ∙ Built 1949
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 1633 E Campbell Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1935 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1935
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.06
    •  
  • 1215 E Meadowbrook Avenue Phoenix, 5
    • 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1946
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Christopher D Adams
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119565
Last Updated: 08/19/2020
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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