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730 W Moreland Street Phoenix, AZ 85007

3 Beds 2 Baths 1,472 sqft Built 1924

$525,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1924
  • Price/Sqft : $356.66
  • 2 Days on Market
  • MLS # : 6206723
  • Updated Date : 03/13/2021 at 23:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 1 full , 1 half
Listing Agent

Sonoran Premier Properties

Listing Agent's Description

Great Home, Great Price! This 3 bed, 1.5 bath property nestled in the historic downtown neighborhood FQ Story is ready for you. Shaded carport, mature front yard, & front porch views of the growing downtown skyline greet you. Fantastic interior with an amazing fireplace perfect to stay warm, and french doors provide lots of natural light. A grand arch leads into the dining space and beautifully upgraded kitchen. SS appliances, gleaming c-tops, attractive cabinets, breakfast bar, and recessed lighting will make any home chef happy. Cont into the bright bdrms draped with light thru french doors, and 3rd bdrm w/ an exit to the grassy backyard, w/ covered patio, lush landscaping, & garden beds. Supplement your budget adorable casita w/ a 3/4 bath, kitchenette, storage & it's own W/D hookups!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Story

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k357k

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

Neighborhood: Story

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8971765

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$472,500$577,500$525,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,824
Property Tax -$280
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$259

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$13,684

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
  • $1,700

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,6004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 730 W Moreland Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1924
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 917 E Granada Road #3 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927 3 beds 2 baths ∙ 1,149 Sqft ∙ Built 1927
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.21
    •  
  • 722 W Portland Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1931
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.11
    •  
  • 70 E Ashland Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1940
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.06
    •  
  • 1122 W Portland Street Phoenix, AZ 5
    • 3 beds 1 baths ∙ 1,446 Sqft ∙ Built 1926 3 beds 1 baths ∙ 1,446 Sqft ∙ Built 1926
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.24
    •  
PROPERTY LISTING DETAILS
Trent Wightman
Sonoran Premier Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206723
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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