Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7003 W Hubbell Street Phoenix, AZ 85035

3 Beds 1 Baths 1,152 sqft Built 1976

INVESTimate

$199,500

List Price

$940

$846 - $1,034

Rent Est.

$227,031  ( +13.80%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $173.18
  • 6 Days on Market
  • MLS # : 6120465
  • Updated Date : 08/24/2020 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 1 full
Listing Agent

Mba Real Estate

Listing Agent's Description

***PLEASE DO NOT DISTURB TENANTS UNLESS IT IS DURING THE SPECIFIC SHOWING TIMES THE TENANT IS ALLOWING*** ONLY AVAILABLE TO SHOW TUESDAY & WEDNESDAYS 10:00am to3:00pm AND SATURDAYS 12:00pm to 5:00pm** DO NOT ABUSE THE SHOWING TIMES ** DO NOT USE SHOWING TIME THERE IS NO LOCKBOX * 3 bedroom 1 bath + additional room & bathroom * Tile thru-out, ceiling fans * Eat-in kitchen, refrigerator, flat surface stove * Covered patio * This is your blank canvas to start from * Design your yards and make this your showplace *

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
Peralta Elementary School Primary Regular 928 41 2
Marc T. Atkinson Middle School Middle Regular 1,376 65 3
Trevor Browne High School High Regular 3,077 144 3

Peralta Elementary School

  • Education Level: Primary
  • # of students: 928
  • # of teachers: 41
2
GreatSchools Rating

Marc T. Atkinson Middle School

  • Education Level: Middle
  • # of students: 1,376
  • # of teachers: 65
3
GreatSchools Rating

Trevor Browne High School

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

$179,550$219,450$199,500

PURCHASE PRICE

$846$1,034$940

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $940
EXPENSES Loan Payment -$736
Property Tax -$126
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$71

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.

$199,500

PROJECTED PRICE

$940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.80%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$736

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$8,446

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
  • $1,063

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,1954$1,2505$1,375
$1,375
RENT COMPS ANALYSIS
  • 7003 W Hubbell Street Phoenix, 1
    • 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,152 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2227 N 65th Drive Phoenix, 2
    • 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1971
    property image
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.97
    •  
  • 2525 N 72nd Avenue Phoenix, 3
    • 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, 4
    • 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
    •  
  • 6815 W Verde Lane Phoenix, 5
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1983
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.98
    •  
PROPERTY LISTING DETAILS
Anndee White
Mba Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120465
Last Updated: 08/24/2020
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.

BESbswy