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4437 N 76th Drive Phoenix, AZ 85033

3 Beds 2 Baths 1,853 sqft Built 1977

$298,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $160.82
  • 7 Days on Market
  • MLS # : 6173501
  • Updated Date : 12/21/2020 at 11:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 1 full , 1 half
Listing Agent

Best Homes Real Estate, Llc

Listing Agent's Description

Check this cul-de-sac big lot home with pool. You will love the space inside and out. Well taken care of home with garage for two cars, 2nd living room or playroom in the back with a lot of sunlight from custom windows, big covered patio. Spacious backyard for family gatherings and pool parties. Minutes to I10 freeway, Sky mall and shopping centers. This home is a must have.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Tomahawk Elementary School Primary Regular 983 48 3
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Tomahawk Elementary School

  • Education Level: Primary
  • # of students: 983
  • # of teachers: 48
3
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$268,200$327,800$298,000

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 -$1,099
Property Tax -$179
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$81

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.

$298,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,720

INVESTMENT

$84,720

Down Payment
$74,500
Rehab Estimate
$5,750
Closing Costs
$4,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,500
Loan Amount $223,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$14,465

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
  • $0.73

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3604$1,3955$1,550
$1,550
RENT COMPS ANALYSIS
  • 4437 N 76th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.73
    •  
  • 8218 W Hazelwood Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.77
    •  
  • 7731 W Wolf Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,718 Sqft ∙ Built 1979
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.79
    •  
  • 7371 W Colter Street Glendale, AZ 4
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 5229 N 73rd Drive Glendale, AZ 5
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1991
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
PROPERTY LISTING DETAILS
Raul A Henriquez
Best Homes Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173501
Last Updated: 12/21/2020
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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