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6507 W Weldon Avenue Phoenix, AZ 85033

2 Beds 1 Baths 840 sqft Built 1978

$205,000

List Price

$920

$828 - $1K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $244.05
  • 4 Days on Market
  • MLS # : 6174356
  • Updated Date : 12/24/2020 at 00:07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 840 sqft
  • Baths : 1 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

So much potential!!! You don't want to miss this opportunity to own this great home ready to make it your own. Perfect for couples, family and specially those ready to turn this huge space into whatever your mind desires. 2 bedroom, 1 bath with a larger than usual family room facing the dinning room and kitchen. Near all sorts of shopping and convenience stores. Won't last!

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
Sunset Elementary School Primary Regular 701 34 8
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Sunset Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 34
8
GreatSchools Rating

Desert Sands Middle School

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

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$828$1,012$920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $920
EXPENSES Loan Payment -$756
Property Tax -$123
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$102

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.

$205,000

PROJECTED PRICE

$920

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,744

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
  • $697

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$7953$850
$850
RENT COMPS ANALYSIS
  • 6507 W Weldon Avenue Phoenix, AZ 1
    • 2 beds 1 baths ∙ 840 Sqft ∙ Built 1978 2 beds 1 baths ∙ 840 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3810 N Maryvale Parkway #2028 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 936 Sqft ∙ Built 1983 2 beds 2 baths ∙ 936 Sqft ∙ Built 1983
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $795
    • $0.85
    •  
  • 5309 W Campbell Avenue #3 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1973
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ivan Rivas
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174356
Last Updated: 12/24/2020
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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