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7209 S 8th Street Phoenix, AZ 85042

3 Beds 2 Baths 1,054 sqft Built 2004

$242,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $229.60
  • 2 Days on Market
  • MLS # : 6206718
  • Updated Date : 03/14/2021 at 03:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,054 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

CHARMING SOUTH PHOENIX HOME... SHOWINGS ONLY SATURDAY & SUNDAY MARCH 13 & 14. This home offers 3beds, 2bath , 2 car garage, eat in kitchen with matching appliances, spacious family room, tile flooring throughout the home, a security system , smart thermostat and much more. The water heater was replaced in 2021, and the refrigerator, washer and dryer convey with the home. Whether you're looking for your first home or down sizing, this home is move in ready! Centrally located to shopping, hiking, schools, freeways and public transportation .

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fremont Cove

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $63k271k

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

Neighborhood: Fremont Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7711567

* 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
John F. Kennedy Elementary School Primary Regular 530 39 2
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Unknown NA

John F. Kennedy Elementary School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 39
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$841
Property Tax -$157
Property Insurance -$48
HOA -$64
Property Management Fees -$99
CASH FLOW
-$59

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.

$242,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$9,137

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,146

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3503$1,3504$1,4255$1,495
$1,495
RENT COMPS ANALYSIS
  • 7209 S 8th Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.09
    •  
  • 421 E Hidalgo Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,300 Sqft ∙ Built 1985
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 255 W Darrow Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 2007
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 7211 S 8th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 2004
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 1510 E Saint Anne Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1996
    LEASED 11/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
PROPERTY LISTING DETAILS
Lori A. Pryor
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206718
Last Updated: 03/14/2021
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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