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7108 W Almeria Road Phoenix, AZ 85035

3 Beds 2 Baths 1,500 sqft Built 1975

$250,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $166.67
  • 4 Days on Market
  • MLS # : 6188858
  • Updated Date : 02/04/2021 at 18:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Ranch style home has 3 bed, 2 baths. Tile floors in the main areas. Soft color palette. Eat-in kitchen. Interior laundry closet. Arizona Room could be perfect for a game room or to enjoy the pool view. Bedrooms have carpeting & ceiling fans throughout. Newer roof and newer AC! The backyard has a covered patio and one of the only homes in the area with a diving pool! Close to shopping, dining, and the I-10. Home has everything you need and great potential to personalize to your preference!

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$868
Property Tax -$151
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$44

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.

$250,000

PROJECTED PRICE

$1,130

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,334

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,130

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,271

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,1953$1,2504$1,2995$1,450
$1,450
RENT COMPS ANALYSIS
  • 7108 W Almeria Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.75
    •  
  • 2525 N 72nd Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,365 Sqft ∙ Built 1973
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 3008 N 71st Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
  • 7044 W Taylor Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,588 Sqft ∙ Built 1985
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.82
    •  
  • 7130 W Avalon Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1982
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
PROPERTY LISTING DETAILS
Ryan J Gamlin
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188858
Last Updated: 02/04/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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