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4628 N 71st Avenue Phoenix, AZ 85033

3 Beds 2 Baths 1,127 sqft Built 1963

$227,999

List Price

$930

$837 - $1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $202.31
  • 3 Days on Market
  • MLS # : 6160320
  • Updated Date : 11/13/2020 at 18:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,127 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Ranch Style home has tile floors throughout the main areas. Carpet in the bedrooms. The eat-in kitchen has maple shaker cabinets, island w/breakfast bar seating and white appliances. Sizable bedrooms. The backyard has a tiled covered patio and plenty of room to create your own oasis! Close to schools, shopping and major freeways. No HOA!

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
Heatherbrae Elementary School Primary Regular 798 34 3
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Heatherbrae Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 34
3
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
 

$205,199$250,799$227,999

PURCHASE PRICE

$837$1,023$930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $930
EXPENSES Loan Payment -$841
Property Tax -$137
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$197

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.

$227,999

PROJECTED PRICE

$930

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,000
Loan Amount $170,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$2,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $930

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $930

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$930
1$9302$1,0953$1,1494$1,1495$1,200
$1,200
RENT COMPS ANALYSIS
  • 4628 N 71st Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,127 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $930
    • $0.83
    •  
  • 7728 W Reade Avenue Glendale, AZ 2
    • 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.78
    •  
  • 6802 W Highland Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.82
    •  
  • 7141 W Westview Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.85
    •  
  • 7507 W Roma Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Angel I Bautista Diaz
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160320
Last Updated: 11/13/2020
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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