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7239 N 19th Drive Phoenix, AZ 85021

3 Beds 2 Baths 1,813 sqft Built 1959

$360,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $198.57
  • 4 Days on Market
  • MLS # : 6189046
  • Updated Date : 02/05/2021 at 03:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,813 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Nostalgic beauty in Phoenix is now on the market! This 3 bed, 2 bath home with great location offers carport parking & lots of potential to get creative with its front yard. Interior boasts designer paint, tile flooring, and a functional layout with perfectly flowing living & dining areas. You'll also find a large family room with wood-burning fireplace perfect for relaxing. Upgraded kitchen is ready for you to improve your culinary skills with new appliances; shaker cabinets, tile backsplash, solid surface counters, and breakfast bar are more features worth mentioning. Master bedroom has carpet, closet, and a private bath with waterfall double head shower & built-in bench. The backyard includes a covered patio and unlimited possibilities to make it yours! This remodeled home is waiting!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westwood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k285k

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

Neighborhood: Westwood Heights

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
Washington High School High Regular 1,714 73 4

Washington High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,250
Property Tax -$215
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$83

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.

$360,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$28,964

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7103$1,8504$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 7239 N 19th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.94
    •  
  • 1814 W Vista Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1954
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.96
    •  
  • 1801 W Morten Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1955
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 8121 N 16th Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1969
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 6744 N 14th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 1956
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.13
    •  
PROPERTY LISTING DETAILS
Bryan Deboda
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189046
Last Updated: 02/05/2021
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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