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4256 W Keim Drive Phoenix, AZ 85019

4 Beds 2 Baths 1,706 sqft Built 1957

$284,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $166.47
  • 9 Days on Market
  • MLS # : 6163456
  • Updated Date : 11/27/2020 at 08:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,706 sqft
  • Baths : 2 full
Listing Agent

Affirmed Realty

Listing Agent's Description

Classic Red Brick home. 4 bedroom, 2 bath home has a large eat in kitchen with walk in pantry, huge bonus room and tile throughout. The once formal dining room has been remodeled to provide the 4th bedroom or private office. Additional office/den in the front of the house. French doors off the living room lead to a spacious Bonus room. Backyard boasts a large matching red brick storage/workshop building next to alley access gate. Plenty of slab parking in and outside the RV gate.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Catalina Ventura School Primary Regular 1,078 48 3
Catalina Ventura School Middle Regular 1,078 48 3
Alhambra High School High Regular 2,770 139 3

Catalina Ventura School

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Catalina Ventura School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 48
3
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$255,600$312,400$284,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,048
Property Tax -$158
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$75

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$284,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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$81,010

INVESTMENT

$81,010

Down Payment
$71,000
Rehab Estimate
$5,750
Closing Costs
$4,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,048

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,000
Loan Amount $213,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,170

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,322

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2103$1,2504$1,2905$1,349
$1,349
RENT COMPS ANALYSIS
  • 4256 W Keim Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.76
    •  
  • 6692 N 43rd Avenue Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1963
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 4251 W Keim Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1957
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.80
    •  
  • 6535 N 44th Avenue Glendale, AZ 3
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 1963
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
  • 5620 N 34th Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.73
    •  
PROPERTY LISTING DETAILS
Carolyn R Kline
Affirmed Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163456
Last Updated: 11/27/2020
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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