Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4208 N 43rd Street Phoenix, AZ 85018

3 Beds 2 Baths 1,582 sqft Built 1960

$599,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $378.63
  • 2 Days on Market
  • MLS # : 6176342
  • Updated Date : 01/02/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This charming modern remodel is a block construction 3 bedroom/2 bathroom home that has been completely updated with designer finishes that include custom walnut shaker kitchen cabinetry, GFRC concrete countertops, white epoxy flooring, a custom exterior metal gas fire place and steel planters, brand new roof with new underlayment (2020), Tesla (EV) charging station in the garage and a wood clad detached studio that you can customize to your liking. The house also has a new AC unit, new tankless water heater, new insulated garage door with wifi smart motor and new Samsung washer and dryer. With its solar panels, this energy-efficient home keeps electric bills low in the summer and almost non-existent in the winter.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sher-Renee Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k493k

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

Neighborhood: Sher-Renee Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341935

* 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
Hopi Elementary School Primary Regular 842 40 9
Ingleside Middle School Middle Regular 772 33 7
Arcadia High School High Regular 1,731 72 5

Hopi Elementary School

  • Education Level: Primary
  • # of students: 842
  • # of teachers: 40
9
GreatSchools Rating

Ingleside Middle School

  • Education Level: Middle
  • # of students: 772
  • # of teachers: 33
7
GreatSchools Rating

Arcadia High School

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 72
5
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,210
Property Tax -$310
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$427

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.

$599,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.5%
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-$10k-$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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$12,110

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
  • $2,337

    COMP ESTIMATED VALUE
  • $1.48

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,3754$2,5005$2,650
$2,650
RENT COMPS ANALYSIS
  • 4208 N 43rd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4315 E Piccadilly Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 1973
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.38
    •  
  • 4456 E Campbell Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,732 Sqft ∙ Built 1954
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $1.37
    •  
  • 3902 E Clarendon Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1954
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.52
    •  
  • 4601 E Montecito Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1954
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.64
    •  
PROPERTY LISTING DETAILS
Amy Williams
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176342
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy