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7111 W Kingman Street Phoenix, AZ 85043

5 Beds 3 Baths 2,219 sqft Built 2006

$299,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $135.15
  • 1 Days on Market
  • MLS # : 6168324
  • Updated Date : 12/05/2020 at 20:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,219 sqft
  • Baths : 2 full , 1 half
Listing Agent

Emg Real Estate

Listing Agent's Description

THE HOUSE IS BACK ON THE MARKET, APPRIASED AT LISTING PRICE AND INSPECTION REPORT AVAILABLE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sienna Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sienna Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Tuscano Elementary School Primary Regular 719 34 4
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,107
Property Tax -$173
Property Insurance -$70
HOA -$78
Property Management Fees -$99
CASH FLOW
-$87

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.

$299,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.1%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$13,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,509

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4403$1,4504$1,4755$1,550
$1,550
RENT COMPS ANALYSIS
  • 7111 W Kingman Street Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,219 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,219 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.65
    •  
  • 7208 W Crown King Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.62
    •  
  • 7312 W Cordes Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2004
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 6512 W Toronto Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.72
    •  
  • 3115 S 74th Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,310 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.67
    •  
PROPERTY LISTING DETAILS
Joel Zamora
Emg Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168324
Last Updated: 12/05/2020
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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