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4744 N 40th Avenue Phoenix, AZ 85019

3 Beds 2 Baths 1,716 sqft Built 1959

$269,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $156.76
  • 2 Days on Market
  • MLS # : 6179153
  • Updated Date : 01/09/2021 at 21:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Fantastic opportunity to own this 3bed/2bath updated mid century ranch home in a very convenient location. Minutes to schools, I-17, shopping, dining, Grand Canyon University and so much more. This gem features charming curb appeal leading into the fluid open floor plan with tile flooring, Venetian plastered walls, and design crown molding!!! Spacious kitchen boasts granite countertops, beautiful lighting fixtures, handsome cabinets and breakfast bar seating. Making it ideal for gathering with friends and family. Master retreat includes private en suite. Enjoy the flexibility of entertaining or relaxing in the Arizona room. The expansive low maintenance backyard is ready for all your personal touches. RV gate and new windows out front. Do not miss out! Schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Alhambra

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7781567

* 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
Sevilla West School Primary Regular 1,153 46 4
Sevilla West School Middle Regular 1,153 46 4
Alhambra High School High Regular 2,770 139 3

Sevilla West School

  • Education Level: Primary
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Sevilla West School

  • Education Level: Middle
  • # of students: 1,153
  • # of teachers: 46
4
GreatSchools Rating

Alhambra High School

  • Education Level: High
  • # of students: 2,770
  • # of teachers: 139
3
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$934
Property Tax -$148
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$1

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.

$269,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,961

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
  • $1,258

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,1994$1,349
$1,349
RENT COMPS ANALYSIS
  • 4744 N 40th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4646 N 26th Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,450 Sqft ∙ Built 1972
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.76
    •  
  • 5725 N 38th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1960
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.71
    •  
  • 5620 N 34th Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1954
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.73
    •  
PROPERTY LISTING DETAILS
Jose A Aispuro
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179153
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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