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5911 W Pinchot Avenue Phoenix, AZ 85033

4 Beds 2 Baths 1,610 sqft Built 1960

$259,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $161.43
  • 4 Days on Market
  • MLS # : 6172266
  • Updated Date : 12/19/2020 at 15:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

BEAUTIFUL 4 BEDROOM 1.75 REMODELED HOME. BEAUTIUL,SPACIOUS KITCHEN WITH LOTS OF CABINETS . FORMAIL DINING ROOM,HIGE LIVING ROOM,UPDATED DUAL PANE WINDOWS,A/C UNIT AND ROOF. TILE FLOORS THRU-OUT, BOTH BATHROOM ALSO REMODELED, LOTS OF TILE BACKSPLASH, NEWER UPGRADED VANITIES AND LIGHT FIXTURES, UPGRADED LIGHT FIXTURES THRU-OUT HOME. RV PARKING WITH RV GATES AND RV COVERED PARKING PLUS LARGE STORAGE/WORKSHOP. GREAT LOCATION CLOSE TO SCHOOLS,SHOPPING AND I-10 FREEWAY.

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
Bret R. Tarver Elementary School Primary Regular 896 40 3
Maryvale High School High Regular 2,948 132 2
Phoenix Coding Academy High Regular NA

Bret R. Tarver Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 40
3
GreatSchools Rating

Maryvale High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$959
Property Tax -$157
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$33

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.

$259,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.48%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,284

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,3253$1,3504$1,3955$1,399
$1,399
RENT COMPS ANALYSIS
  • 5911 W Pinchot Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.77
    •  
  • 6020 W Pinchot Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1960
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.76
    •  
  • 3330 N 64th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 5628 W Thomas Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,686 Sqft ∙ Built 1960
    property image
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.83
    •  
  • 6205 W Clarendon Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1958
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.84
    •  
PROPERTY LISTING DETAILS
Jose Manuel Corrales
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172266
Last Updated: 12/19/2020
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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