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6141 W Rose Circle Phoenix, AZ 85033

3 Beds 2 Baths 1,265 sqft Built 1961

$234,999

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $185.77
  • 2 Days on Market
  • MLS # : 6155200
  • Updated Date : 11/02/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,265 sqft
  • Baths : 1 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to your Home Sweet Home just freshly painted! Perfectly updated 3 bed, 1.5 bath home with a bedroom plus for storage, extra bedroom, workshop, office or so much more! Home in secluded cul-de-sac in an area of well kept homes. Square footage does not include room addition added when carport was enclosed. Can't go wrong with fully ROCKED front and backyard. Washer and dryer hookups, and everything you need from the home to raise your family! In the Area just a short walk is two parks, Marivue and Desert West Regional Park. It is even right down the street from the Grand Canyon University Golf Course. In fact, the Desert Sky Mall and the AK-Chin Pavilion is just a block or so away from your new home! This deal won't last long!

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
Desert Sands Middle School Middle Regular 1,103 48 2
Maryvale High School High Regular 2,948 132 2

Bret R. Tarver Elementary School

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

Desert Sands Middle School

  • Education Level: Middle
  • # of students: 1,103
  • # of teachers: 48
2
GreatSchools Rating

Maryvale High School

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

$211,499$258,499$234,999

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$867
Property Tax -$142
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
-$139

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.

$234,999

PROJECTED PRICE

$1,020

PROJECTED RENT

0.43%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,249
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$6,274

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
  • $1,031

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0493$1,1004$1,1495$1,149
$1,149
RENT COMPS ANALYSIS
  • 6141 W Rose Circle Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3015 N 77th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1979
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,049
    • $0.75
    •  
  • 5815 W Turney Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1957
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.84
    •  
  • 6802 W Highland Avenue Phoenix, AZ 4
    • 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
    •  
  • 7141 W Westview Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lucas Thomas
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155200
Last Updated: 11/02/2020
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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