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4615 N 79th Avenue Phoenix, AZ 85033

4 Beds 3 Baths 1,774 sqft Built 1978

$285,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $160.65
  • 3 Days on Market
  • MLS # : 6178701
  • Updated Date : 01/09/2021 at 21:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,774 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

AMAZING TWO STORY HOME * GREAT LOCATION * STONE TRIMMED EXTERIOR * PREMIUM CORNER LOT * HUGE FENCED FRONT YARD * POLISHED TILE & CARPET * TILE COUNTERS & BACKSPLASH * GLASS TOP STOVE * CHARMING BRICK FIREPLACE * 1 BEDROOM AND BATH DOWNSTAIRS * GARAGE CABINETS, WORK BENCH & EPOXY FLOOR * FRONT SECURITY DOOR * FENCED PLAY POOL * DON'T MISS THIS ONE * SEE IT TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ponderosa Homes West

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Ponderosa Homes West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6571567

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$990
Property Tax -$172
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$108

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.

$285,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.8%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$26,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3503$1,3504$1,3955$1,430
$1,430
RENT COMPS ANALYSIS
  • 4615 N 79th Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,774 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.81
    •  
  • 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
    •  
  • 8507 W Minnezona Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,690 Sqft ∙ Built 1996
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.80
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Enrique Ceballos
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178701
Last Updated: 01/09/2021
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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