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5839 W Roma Avenue Phoenix, AZ 85031

4 Beds 2 Baths 1,491 sqft Built 1956

INVESTimate

$239,900

List Price

$1,060

$954 - $1,166

Rent Est.

$273,006  ( +13.80%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $160.90
  • 9 Days on Market
  • MLS # : 6119149
  • Updated Date : 08/18/2020 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,491 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Take a look at this unique single level home now available in popular Phoenix. Providing BRAND NEW ROOF, slab parking and large front yard ready for your landscaping ideas. Step inside to discover a highly upgraded interior complete with 4 bed, 2 bath, neutral color palette, several windows that bring in so much natural light, carpet in every bedroom, and living/dining room. You will absolutely enjoy cooking in this spotless kitchen offering recessed lighting, tile back-splash, white cabinetry, granite counter-tops, and sparkling stainless steel appliances. Inside this unique master bedroom you will find a lavish en-suite bathroom with luxurious tile fixtures. Spacious backyard that is ready for you to make it your own. You have found the one. Start calling today

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
 

$215,910$263,890$239,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$885
Property Tax -$144
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$125

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.

$239,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,060

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,167

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,060
1$1,0602$1,2993$1,2994$1,3255$1,345
$1,345
RENT COMPS ANALYSIS
  • 5839 W Roma Avenue Phoenix, 1
    • 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1956
    • Rent
    • Rent Per SQFT
    •  
    • $1,060
    • $0.71
    •  
  • 5826 W Campbell Avenue Phoenix, 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1957
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.77
    •  
  • 6205 W Clarendon Avenue Phoenix, 3
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.78
    •  
  • 6020 W Pinchot Avenue Phoenix, 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 6241 W Wolf Street Phoenix, 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jonathan Michael Saucedo
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119149
Last Updated: 08/18/2020
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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