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6802 W Garfield Street 
Phoenix, AZ
85043
3 Beds 2 Baths 1,200 sqft
Built 1981
INVESTimate
$239,900
List Price
$69,324
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $199.92
- 1 Days on Market
- MLS # : 6122587
- Updated Date : 08/25/2020 at 19:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,200 sqft
- Baths : 2 full
Listing Agent
Arizona 1st Land & Home Re Co
Listing Agent's Description
MOVE IN READY WEST PHOENIX HOME, NEWLY UPDATED, IMPROVEMENTS INCLUDE EXTERIOR STUCCO, PAINT, DUAL PANE WINDOWS, HOT WATER HEATER, BLOCK FENCING, NEW TILE & CARPET FLOORING, KITCHEN AND BATHS WITH GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, RETEXTURED INTERIOR, 6 PANEL DOORS, HARDWARE, BASEBOARDS, CEILING FANS & LIGHT FIXTURES. HOME HAS HUGE COVERED REAR PATIO AND BACK YARD WITH SIDE VEHICLE ENTRY. CALL TODAY TO SCHEDULE YOUR VIEWING.
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PRICE & RENT TRENDS
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $940 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$139 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$233
|
||
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
$940
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.40% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
1.42
YEARS SAVED
$2,052
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$940
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,032
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6802 W Garfield Street Phoenix, 1
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $940
- $0.78
-
2525 N 72nd Avenue Phoenix, 2
- 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
![property image]()
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,195
- $0.88
-
3008 N 71st Avenue Phoenix, 3
- 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.86
-
6434 W Sonora Street Phoenix, 4
- 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1997
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,295
- $0.85
-
1418 S 66th Lane Phoenix, 5
- 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995
![property image]()
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,303
- $0.85
PROPERTY LISTING DETAILS
Arizona 1st Land & Home Re Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122587
Last Updated: 08/25/2020
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.
