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5434 W Albeniz Place Phoenix, AZ 85043

3 Beds 3 Baths 1,410 sqft Built 2008

$225,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $159.57
  • 3 Days on Market
  • MLS # : 6164201
  • Updated Date : 11/27/2020 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,410 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Stylish 3 bedroom, 2.5 Bath, 2 Car Garage in Prime Location near 202 Freeway Access, shopping, parks, schools and walking paths. Spacious and Open Kitchen, Dining and great room area. 3 Bedrooms, 2 Full Bathrooms and Laundry Upstairs. Master Suite with full bath and walk-in closet. Newer AC unit (2019). A sliding door leads to a courtyard style backyard. HOA maintains front landscaping. Kids Playground and Ramada with BBQ a short walk away. You'll love this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Riverbend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7361567

* 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
Kings Ridge School Primary Regular 381 17 5
Kings Ridge School Middle Regular 381 17 5
Betty Fairfax High School High Regular 1,903 104 3

Kings Ridge School

  • Education Level: Primary
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Kings Ridge School

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 17
5
GreatSchools Rating

Betty Fairfax High School

  • Education Level: High
  • # of students: 1,903
  • # of teachers: 104
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$830
Property Tax -$133
Property Insurance -$55
HOA -$99
Property Management Fees -$99
CASH FLOW
-$96

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.

$225,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,368

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
  • $1,237

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2903$1,2954$1,3495$1,550
$1,550
RENT COMPS ANALYSIS
  • 5434 W Albeniz Place Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,410 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,410 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6051 W Jones Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 2002
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.87
    •  
  • 3705 S 52nd Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2006
    property image
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.86
    •  
  • 3720 S 54th Glen Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 2008
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.89
    •  
  • 5419 W Atlantis Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ronald Orozco
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164201
Last Updated: 11/27/2020
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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