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5802 W Turney Avenue Phoenix, AZ 85031

3 Beds 2 Baths 1,126 sqft Built 1956

$214,999

List Price

$870

$783 - $957

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1956
  • Price/Sqft : $190.94
  • 2 Days on Market
  • MLS # : 6163540
  • Updated Date : 11/21/2020 at 11:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,126 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Nice cozy 3 bedroom home with 2 full bathrooms.Open Livingroom and kitchen. RV gate and Alley access as well.

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
John F. Long Elementary School Primary Regular 866 40 3
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Maryvale High School High Regular 2,948 132 2

John F. Long Elementary School

  • Education Level: Primary
  • # of students: 866
  • # of teachers: 40
3
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Maryvale High School

  • Education Level: High
  • # of students: 2,948
  • # of teachers: 132
2
GreatSchools Rating
 

$193,499$236,499$214,999

PURCHASE PRICE

$783$957$870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $870
EXPENSES Loan Payment -$793
Property Tax -$129
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$201

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.

$214,999

PROJECTED PRICE

$870

PROJECTED RENT

0.40%

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,249
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,115

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $870

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $890

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$870
1$8702$9503$1,149
$1,149
RENT COMPS ANALYSIS
  • 5802 W Turney Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,126 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,126 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $870
    • $0.77
    •  
  • 3840 N 43rd Avenue #44 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1975
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.76
    •  
  • 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
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.82
    •  
PROPERTY LISTING DETAILS
Diana M Flores
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163540
Last Updated: 11/21/2020
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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