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4545 N 67th Avenue #1117 Phoenix, AZ 85033

3 Beds 2 Baths 1,246 sqft Built 1989

$225,000

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $180.58
  • 2 Days on Market
  • MLS # : 6203432
  • Updated Date : 03/06/2021 at 05:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,246 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Very clean family home,Inside this charming 3 bed, 2 bath home you will have all the space you have been looking for. ! Incredible value to get a home of this quality under $230k, check the comps, you will not find better in the neighborhood. Sell ''AS IS''. The house is Occupied by the owner. BECAUSE OF THE COVID-19, THE OWNER REQUESTED TO ACCEPT THE OFFER TO SHOW. The house NOT qualify for FHA loan.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Village at West Meadow

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k271k

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

Neighborhood: Village at West Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7271567

* 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
Holiday Park Elementary School Primary Regular 814 39 2
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Holiday Park Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 39
2
GreatSchools Rating

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Trevor Browne High School

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

$202,500$247,500$225,000

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$782
Property Tax -$136
Property Insurance -$52
HOA -$71
Property Management Fees -$99
CASH FLOW
-$99

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.

$225,000

PROJECTED PRICE

$1,040

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.1%
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$800k$900k

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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$5,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,040

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,037

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0403$1,1494$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 4545 N 67th Avenue #1117 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,246 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,040
    • $0.83
    •  
  • 4102 N 69th Lane #1407 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.81
    •  
  • 7141 W Westview Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.85
    •  
  • 4545 N 67th Avenue #1236 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.83
    •  
  • 7304 W Oregon Avenue Glendale, AZ 5
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 1983
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
PROPERTY LISTING DETAILS
Chengyan Xie
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203432
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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