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4410 E Almeria Road Phoenix, AZ 85008

4 Beds 2 Baths 1,467 sqft Built 1955

$374,999

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $255.62
  • 3 Days on Market
  • MLS # : 6176091
  • Updated Date : 01/01/2021 at 06:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,467 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautifully remodeled property! Perfect for your first home or rental property. This is your opportunity to be in Arcadia Lite, minutes from Downtown Phoenix, Scottsdale and Tempe and shopping centers Arcadia Crossing. NO HOA, larger lot with space for a pool and has brick oven built in. Owner/Agent Property please include this in your offer.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Griffith Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Griffith Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Griffith Elementary School Primary Regular 734 39 2
Griffith Elementary School Middle Regular 734 39 2
Camelback High School High Regular 2,048 110 4

Griffith Elementary School

  • Education Level: Primary
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Griffith Elementary School

  • Education Level: Middle
  • # of students: 734
  • # of teachers: 39
2
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$337,499$412,499$374,999

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,384
Property Tax -$222
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$100

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.

$374,999

PROJECTED PRICE

$1,660

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$18,573

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
  • $1,669

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,6004$1,7005$1,760
$1,760
RENT COMPS ANALYSIS
  • 4410 E Almeria Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4609 E Almeria Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1953 3 beds 2 baths ∙ 1,312 Sqft ∙ Built 1953
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
  • 3744 E Sheridan Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1955
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 2009 N 46th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1955
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
  • 4452 E Belleview Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1966 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1966
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.11
    •  
PROPERTY LISTING DETAILS
Vicente Montiel
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176091
Last Updated: 01/01/2021
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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