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7202 S 46th Street Phoenix, AZ 85042

3 Beds 2 Baths 1,530 sqft Built 1983

$289,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $189.48
  • 3 Days on Market
  • MLS # : 6170329
  • Updated Date : 12/11/2020 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Arizona Property Brokerage

Listing Agent's Description

Walk into an open floorplan with a large kitchen, dining area and living room. This home features tile flooring throughout. The brick fireplace will keep you toasty this winter, HVAC replaced in 2018. Most windows are dual-pane. The sizable lot offers a covered patio, lot continues behind the back wall 70 more feet, neighbors to only one side. The property also sports a two-car garage with an easy commute thanks to the nearby I-10 and US-60. Extensive hiking trails offer panoramic views; the South Mountain trailhead is less than a mile away. Welcome to the Baseline Corridor, welcome home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Knoell Garden Groves

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k271k

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

Neighborhood: Knoell Garden Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Frank Elementary School Primary Regular 565 35 1
Fees College Preparatory Middle School Middle Regular 925 59 4
Mountain Pointe High School High Regular 2,685 111 3

Frank Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 35
1
GreatSchools Rating

Fees College Preparatory Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 59
4
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,070
Property Tax -$139
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$155

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.

$289,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$38,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,4503$1,4954$1,5205$1,695
$1,695
RENT COMPS ANALYSIS
  • 7202 S 46th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.99
    •  
  • 2231 W Fremont Drive Tempe, AZ 1
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1974
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.04
    •  
  • 4434 E Hidalgo Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1975 4 beds 3 baths ∙ 1,452 Sqft ∙ Built 1975
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.00
    •  
  • 4507 E Wayland Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1978
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 2126 W Hermosa Drive Tempe, AZ 5
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1978
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.14
    •  
PROPERTY LISTING DETAILS
Debbie A Silacci
Arizona Property Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170329
Last Updated: 12/11/2020
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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