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5125 E Shomi Street Phoenix, AZ 85044

3 Beds 2 Baths 1,209 sqft Built 1982

INVESTimate

$325,000

List Price

$1,400

$1,260 - $1,540

Rent Est.

$343,070  ( +5.56%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $268.82
  • 6 Days on Market
  • MLS # : 6120431
  • Updated Date : 08/25/2020 at 15:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,209 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Check out this 3 bed, 2 bath move-in ready Ahwatukee home! This home has fresh interior and exterior paint, new carpet, 2 car garage and spacious, private backyard that backs up to the expansive Mountain Vista Park! Interior features include: granite countertops, staggered cabinets, and upgraded tile shower walls. All appliances convey to new owners. Low HOA dues at $221 per/year. Let's talk about location... it's just minutes away from South Mountain Park, the largest municipal park in the USA! Take advantage of the endless hiking and biking trails this unique park as to offer. Parents will appreciate the highly rated Kyrene School District. With easy access to I-10, 101 and 202 Freeways, this home's location is outstanding. Schedule your visit today or check out the 3D Virtual Tour!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,199
Property Tax -$231
Property Insurance -$51
HOA -$18
Property Management Fees -$99
CASH FLOW
-$198

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.56%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$8,045

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
  • $1,478

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5504$1,5505$1,795
$1,795
RENT COMPS ANALYSIS
  • 5125 E Shomi Street Phoenix, 1
    • 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 14609 S 47th Place Phoenix, 2
    • 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1995
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
  • 5122 E Nambe Street Phoenix, 3
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1981
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.22
    •  
  • 4732 E Mountain Sage Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1994
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 4718 E Goldfinch Gate Lane Phoenix, 5
    • 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1995
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.30
    •  
PROPERTY LISTING DETAILS
Mark W Daker
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120431
Last Updated: 08/25/2020
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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