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7222 W Zak Road Phoenix, AZ 85043

3 Beds 2 Baths 1,392 sqft Built 2001

$245,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $176.01
  • 3 Days on Market
  • MLS # : 6155664
  • Updated Date : 11/07/2020 at 15:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,392 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Charming and well cared for home located in small neighborhood that is all single story homes. All appliances stay. The following items all replaced or done 3 years ago: All interior paint, updated ceiling fans, range, fridge, washer/dryer, carpet in additional bedrooms and cork flooring in master bed/bath added. Baths have linen cabinets for extra storage. Spacious yard with large patio. Garage includes shelves for extra storage and newer garage door opener. Extra concrete pad for storage shed. Schedule to see this home before it is gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Valle Eldorado

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Valle Eldorado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6951567

* 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
Sun Canyon Elementary School Primary Regular 605 31 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Sun Canyon Elementary School

  • Education Level: Primary
  • # of students: 605
  • # of teachers: 31
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

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

$220,500$269,500$245,000

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 -$904
Property Tax -$142
Property Insurance -$54
HOA -$60
Property Management Fees -$99
CASH FLOW
-$129

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.

$245,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.1%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$6,978

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,208

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3033$1,3454$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 7222 W Zak Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1418 S 66th Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1995
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,303
    • $0.85
    •  
  • 7225 W Forest Grove Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.87
    •  
  • 7241 W Williams Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 2815 S 74th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2007
    property image
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
PROPERTY LISTING DETAILS
Victoria M Bryant
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155664
Last Updated: 11/07/2020
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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