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4140 E Edgemont Avenue Phoenix, AZ 85008

3 Beds 2 Baths 2,060 sqft Built 1953

$569,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $276.21
  • 1 Days on Market
  • MLS # : 6173694
  • Updated Date : 01/31/2021 at 02:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,060 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

LOCATED IN THE HEART OF IT ALL! CLOSE TO EVERYTHING! MIN TO SHOPPING,RESTURANTS/BARS,FREEWAY ACCESS & SKY HARBOR. NEWLY REMODELED! 3 BD, 2 BA + OFFICE SPACE. LARGE LOT LIGHT AND BRIGHT WITH ALL THE UPGRADES.

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
Camelback High School High Regular 2,048 110 4
Phoenix Coding Academy High Unknown NA
Phoenix Coding Academy High Regular NA

Camelback High School

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

$512,100$625,900$569,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,976
Property Tax -$336
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$389

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.

$569,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.37%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,976

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,1504$2,3455$2,500
$2,500
RENT COMPS ANALYSIS
  • 4140 E Edgemont Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1953 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4138 E Pinchot Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952 3 beds 2 baths ∙ 2,164 Sqft ∙ Built 1952
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 3409 N 43rd Place Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955 4 beds 2 baths ∙ 2,211 Sqft ∙ Built 1955
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.97
    •  
  • 4437 E Clarendon Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1955
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.02
    •  
  • 3728 E Piccadilly Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1954
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Necat Redzepi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173694
Last Updated: 01/31/2021
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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