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7313 W Indianola Avenue Phoenix, AZ 85033

3 Beds 2 Baths 1,480 sqft Built 1981

$220,000

List Price

$1,110

$999 - $1.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $148.65
  • 3 Days on Market
  • MLS # : 6160322
  • Updated Date : 11/13/2020 at 16:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

The Agency

Listing Agent's Description

Welcome to this 3 bedroom 2 bath home in west Phoenix. Featuring tile throughout the main areas, a fireplace in the living room to keep warm in the winter and vaulted ceilings. The split floor plan and huge master bedroom is great combination for this home. The front yard is very spacious and enclosed with brick and iron fencing all around. This home also features a RV gate big enough to fit your RZR. The back yard is perfect for entertaining with lush green grass and a covered patio.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: College Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6431567

* 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
G. Frank Davidson Elementary School Primary Regular 820 37 1
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

G. Frank Davidson Elementary School

  • Education Level: Primary
  • # of students: 820
  • # of teachers: 37
1
GreatSchools Rating

Estrella Middle School

  • Education Level: Middle
  • # of students: 1,338
  • # of teachers: 55
4
GreatSchools Rating

Trevor Browne High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 144
3
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$999$1,221$1,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,110
EXPENSES Loan Payment -$812
Property Tax -$133
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$11

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.

$220,000

PROJECTED PRICE

$1,110

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.2%
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-$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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$16,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,110

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,247

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,1103$1,1494$1,2005$1,250
$1,250
RENT COMPS ANALYSIS
  • 7313 W Indianola Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,110
    • $0.75
    •  
  • 4102 N 69th Lane #1407 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.81
    •  
  • 7141 W Westview Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.85
    •  
  • 7507 W Roma Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
  • 3008 N 71st Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1982
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.86
    •  
PROPERTY LISTING DETAILS
Luis Gonzalez
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160322
Last Updated: 11/13/2020
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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