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6321 W Sonora Street Phoenix, AZ 85043

3 Beds 2 Baths 1,198 sqft Built 1996

$254,900

List Price

$1,040

$936 - $1.1K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $212.77
  • 1 Days on Market
  • MLS # : 6160772
  • Updated Date : 11/14/2020 at 17:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,198 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Bright, Open Floor Plan- Updated almost everything!! New Dual, Neutral Paint Inside and Out- Home is ready for your personalized, finishing touches- Newly installed carpet in all three rooms- Both Bathrooms Updated- New Roof- All new kitchen cabinets - Just installed new granite countertops.- New ceiling fans in all rooms.- Extended covered Patio for relaxing outside with friends or family- Come take a look- You will not be disappointed!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Western Valley Elementary School Primary Regular 671 39 3
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Western Valley Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 39
3
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$936$1,144$1,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,040
EXPENSES Loan Payment -$940
Property Tax -$147
Property Insurance -$51
HOA -$20
Property Management Fees -$99
CASH FLOW
-$217

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.

$254,900

PROJECTED PRICE

$1,040

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
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$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,135

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
  • $1,054

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,2954$1,3035$1,375
$1,375
RENT COMPS ANALYSIS
  • 6321 W Sonora Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1611 S 63rd Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1999
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.93
    •  
  • 6434 W Sonora Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.85
    •  
  • 1418 S 66th Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,303
    • $0.85
    •  
  • 6337 W Whyman Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jose Angel Ruiz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160772
Last Updated: 11/14/2020
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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