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4257 W Portland Street Phoenix, AZ 85009

3 Beds 1 Baths 1,147 sqft Built 1962

$210,000

List Price

$970

$873 - $1.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $183.09
  • 2 Days on Market
  • MLS # : 6155882
  • Updated Date : 11/07/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,147 sqft
  • Baths : 1 full
Listing Agent

Realty Executives

Listing Agent's Description

Very cute home with a fantastic remodeled kitchen for the entire family to huddle around and enjoy all meals. This home is nicely taken care of and provides great living room area and space for a family. Large RV gate access from the alley for ease of entry for any size RV, boat or work vehicle. Conveniently located to I-10 and many shopping options. Pictured refrigerator does not convey

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Moya Elementary School Primary Regular 537 28 2
Morris K. Udall School Middle Regular 628 28 2
Carl Hayden High School High Regular 2,080 116 3

Moya Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 28
2
GreatSchools Rating

Morris K. Udall School

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 28
2
GreatSchools Rating

Carl Hayden High School

  • Education Level: High
  • # of students: 2,080
  • # of teachers: 116
3
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$873$1,067$970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $970
EXPENSES Loan Payment -$775
Property Tax -$113
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$67

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.

$210,000

PROJECTED PRICE

$970

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$9,718

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $970

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,086

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$970
1$9702$9993$1,0754$1,245
$1,245
RENT COMPS ANALYSIS
  • 4257 W Portland Street Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,147 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,147 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $970
    • $0.85
    •  
  • 3101 N 37th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1958
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $0.93
    •  
  • 4602 W Wilshire Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,093 Sqft ∙ Built 1982
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.98
    •  
  • 2629 N 49th Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,329 Sqft ∙ Built 1962
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Snitz
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155882
Last Updated: 11/07/2020
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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