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4801 S 3rd Street Phoenix, AZ 85040

2 Beds 1 Baths 1,123 sqft Built 1952

$235,000

List Price

$910

$819 - $1K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1952
  • Price/Sqft : $209.26
  • 4 Days on Market
  • MLS # : 6154357
  • Updated Date : 10/31/2020 at 08:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,123 sqft
  • Baths : 1 full
Listing Agent

Century 21 Arizona West

Listing Agent's Description

Home for sale in ELK RANCH subdivision on a CORNER LOT close to Downtown, the Salt River and Hayden Park w/amenities including lighted basketball court/softball field/sand volleyball, playground, ramadas, picnic area, recreation building, soccer and grill. Great curb appeal with covered front and back porch! Original 3 bedroom home with 2 bedrooms converted into 1 large room with french doors. New roof in 2020 and partial Kitchen remodel with beautiful white cabinets and new countertops plus new floors. Home is fully fenced with wrought iron, mature landscaping, Carport and RV Parking with 2 RV Gates! Easy to Show - Call Today!

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PRICE & RENT TRENDS

Neighborhood: Elk Ranch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Elk Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6181567

* 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
Irene Lopez School Primary Regular 543 22 3
Irene Lopez School Middle Regular 543 22 3
South Mountain High School High Regular 1,706 102 2

Irene Lopez School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
3
GreatSchools Rating

Irene Lopez School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 22
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$819$1,001$910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $910
EXPENSES Loan Payment -$867
Property Tax -$153
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$258

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.

$235,000

PROJECTED PRICE

$910

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,147

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
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$0
1$0
$0
RENT COMPS ANALYSIS
  • 4801 S 3rd Street Phoenix, AZ
    • 2 beds 1 baths ∙ 1,123 Sqft ∙ Built 1952 2 beds 1 baths ∙ 1,123 Sqft ∙ Built 1952
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
PROPERTY LISTING DETAILS
Sammie Hone
Century 21 Arizona West
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154357
Last Updated: 10/31/2020
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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