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4234 N 4th Avenue Nw Phoenix, AZ 85013

2 Beds 1 Baths 1,275 sqft Built 1950

$349,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $273.73
  • 10 Days on Market
  • MLS # : 6151891
  • Updated Date : 10/29/2020 at 15:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,275 sqft
  • Baths : 1 full
Listing Agent

Integra Rim Country Real Estate

Listing Agent's Description

Vintage Melrose District charmer! Adorable red brick home with many original features including retro tile in kitchen and baths, stained and scored concrete floors and retro style tile throughout. Plus all windows have been replaced, bonus room has it's own split ac/heating system. Wall of arcadia doors opens onto beautiful lush green backyard with new patio cover, pavers, landscaping and hot tub. Single car garage plus parking slab with rear double entry gate for extra parking. This home has been lovingly cared for and also has a full tile roof. A short walk to the light rail, Melrose shopping and restaurants. Great Carnation neighborhood! Owner/Agent

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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,288
Property Tax -$184
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$183

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.

$349,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.41%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,319

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
  • $1,546

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1853$1,3754$1,4495$1,750
$1,750
RENT COMPS ANALYSIS
  • 4234 N 4th Avenue Nw Phoenix, AZ 1
    • 2 beds 1 baths ∙ 1,275 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,275 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1007 W Indian School Road #c Phoenix, AZ 2
    • 2 beds 1 baths ∙ 1,101 Sqft ∙ Built 1953 2 beds 1 baths ∙ 1,101 Sqft ∙ Built 1953
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $1.08
    •  
  • 938 W Indian School Road #59 Phoenix, AZ 3
    • 2 beds 1 baths ∙ 1,088 Sqft ∙ Built 1968 2 beds 1 baths ∙ 1,088 Sqft ∙ Built 1968
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.26
    •  
  • 4750 N Central Avenue #12lm Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,168 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,168 Sqft ∙ Built 1963
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.24
    •  
  • 3600 N 5th Avenue #307 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,374 Sqft ∙ Built 1961 2 beds 2 baths ∙ 1,374 Sqft ∙ Built 1961
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.27
    •  
PROPERTY LISTING DETAILS
Jennifer L Kiley
Integra Rim Country Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151891
Last Updated: 10/29/2020
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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