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4233 N 5th Avenue Phoenix, AZ 85013

2 Beds 1 Baths 1,114 sqft Built 1947

$369,200

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1947
  • Price/Sqft : $331.42
  • 3 Days on Market
  • MLS # : 6168220
  • Updated Date : 01/02/2021 at 14:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,114 sqft
  • Baths : 1 full
Listing Agent

Homesmart

Listing Agent's Description

A unique property in the historic Melrose District. A red brick home at a great price for the area, No HOA with a 480 sq ft, insulated workshop with city approved plans. Access to home from street and Alley. Quick and easy access to freeways, downtown businesses and all the great boutique shops and restaurants. Mature pecan and citrus trees. Finish this home to your liking to live in or rent it out, as you build incredible value.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Indian Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k290k

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

Neighborhood: Indian Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Central High School High Regular 2,251 136 3

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

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$332,280$406,120$369,200

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,362
Property Tax -$195
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$345

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.

$369,200

PROJECTED PRICE

$1,360

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,588

INVESTMENT

$103,588

Down Payment
$92,300
Rehab Estimate
$5,750
Closing Costs
$5,538

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,362

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,300
Loan Amount $276,900
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,724

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $1,270

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2003$1,2004$1,2495$1,360
$1,360
RENT COMPS ANALYSIS
  • 4233 N 5th Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,114 Sqft ∙ Built 1947 2 beds 1 baths ∙ 1,114 Sqft ∙ Built 1947
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.22
    •  
  • 1660 W Campbell Avenue Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1965
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.98
    •  
  • 4750 N Central Avenue #8a Phoenix, AZ 2
    • 2 beds 1 baths ∙ 980 Sqft ∙ Built 1963 2 beds 1 baths ∙ 980 Sqft ∙ Built 1963
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.22
    •  
  • 4750 N Central Avenue #a11 Phoenix, AZ 3
    • 2 beds 1 baths ∙ 980 Sqft ∙ Built 1963 2 beds 1 baths ∙ 980 Sqft ∙ Built 1963
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.22
    •  
  • 1614 W Osborn Road #3 Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1952 2 beds 1 baths ∙ 1,100 Sqft ∙ Built 1952
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $1.14
    •  
PROPERTY LISTING DETAILS
Michael Mullan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168220
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.

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