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7222 N 26th Drive Phoenix, AZ 85051

2 Beds 1 Baths 992 sqft Built 1948

$235,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1948
  • Price/Sqft : $236.90
  • 4 Days on Market
  • MLS # : 6205918
  • Updated Date : 03/13/2021 at 01:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 992 sqft
  • Baths : 1 full
Listing Agent

At Home Real Estate Arizona

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Court

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Canyon Court

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6701567

* 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
Palo Verde Middle School Middle Regular 925 46 3
Washington High School High Regular 1,714 73 4

Palo Verde Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 46
3
GreatSchools Rating

Washington High School

  • Education Level: High
  • # of students: 1,714
  • # of teachers: 73
4
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$816
Property Tax -$140
Property Insurance -$47
Property Management Fees -$99
CASH FLOW
-$102

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.

$235,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,768

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $890

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$725
1$7252$9253$1,0004$1,0755$1,099
$1,099
RENT COMPS ANALYSIS
  • 7222 N 26th Drive Phoenix, AZ 3
    • 2 beds 1 baths ∙ 992 Sqft ∙ Built 1948 2 beds 1 baths ∙ 992 Sqft ∙ Built 1948
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.01
    •  
  • 2506 W Augusta Avenue #2 Phoenix, AZ 1
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946 2 beds 1 baths ∙ 800 Sqft ∙ Built 1946
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $725
    • $0.91
    •  
  • 7101 N 36th Avenue #105 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,024 Sqft ∙ Built 1962
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.90
    •  
  • 2624 W Orangewood Avenue #5 Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963 2 beds 1 baths ∙ 1,198 Sqft ∙ Built 1963
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.90
    •  
  • 2102 W Morten Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1962 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1962
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,099
    • $0.88
    •  
PROPERTY LISTING DETAILS
Nidia E Almonte Mendoza
At Home Real Estate Arizona
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205918
Last Updated: 03/13/2021
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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