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6833 W Pierson Street Phoenix, AZ 85033

4 Beds 2 Baths 1,350 sqft Built 1961

$254,995

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $188.89
  • 3 Days on Market
  • MLS # : 6162749
  • Updated Date : 11/19/2020 at 20:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

The John Samuels Agency

Listing Agent's Description

Beautiful fully remodeled 4/2 in Phoenix priced to sell! This beautiful property has a nice contemporary open concept floor plan. The amenities include stainless steel appliances, granite counter tops, and a tile showers. This home has a large two vehicle slab parking. In addition, property includes a patio with a spacious back yard perfect for entertaining family or friends. Property is close to dining, shopping, schools, and is easily accessible to the I-10 freeways. Don't miss out on this opportunity.

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
Holiday Park Elementary School Primary Regular 814 39 2
Desert Sands Middle School Middle Regular 1,103 48 2
Trevor Browne High School High Regular 3,077 144 3

Holiday Park Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 39
2
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
 

$229,496$280,495$254,995

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$941
Property Tax -$154
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$157

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.

$254,995

PROJECTED PRICE

$1,090

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$73,324

INVESTMENT

$73,324

Down Payment
$63,749
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,749
Loan Amount $191,246
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$6,393

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
  • $1,127

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1493$1,1494$1,2005$1,345
$1,345
RENT COMPS ANALYSIS
  • 6833 W Pierson Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,350 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6802 W Highland Avenue Phoenix, AZ 2
    • 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 3
    • 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
    •  
  • 7507 W Roma Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 6241 W Wolf Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,631 Sqft ∙ Built 1964
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.82
    •  
PROPERTY LISTING DETAILS
Preston Royce
The John Samuels Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162749
Last Updated: 11/19/2020
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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