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738 W Culver Street Phoenix, AZ 85007

5 Beds 3 Baths 2,780 sqft Built 1925

$745,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1925
  • Price/Sqft : $267.99
  • 5 Days on Market
  • MLS # : 6153748
  • Updated Date : 10/31/2020 at 19:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,780 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

From the timeless, historic architecture to the backyard oasis, this Spanish Territorial style home has it all!Upon entering you're greeted by a living rm with a fireplace, a den and formal dining rm. Owner's retreat features a lg walk-in closet, en-suite bathroom & French doors leading directly to covered veranda and pool. Bonus rm off the primary bdrm for workouts or classroom! Bright kitchen, breakfast nook & butler's pantry/laundry area. Dual sliding glass doors lead to paver porch w/ mature landscaping.Upstairs, two lg bdrms with XL closets separated by full Jack-n-Jill bathroom. Enjoy sunsets from upper deck.Finished basement features game/tv room, fireplace, XL closet and guest bdrm. Pull-through garage allows for three parking spaces (driveway, garage interior and slab).

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
Kenilworth School Primary Regular 591 27 4
Kenilworth School Middle Regular 591 27 4
Central High School High Regular 2,251 136 3

Kenilworth School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 27
4
GreatSchools Rating

Kenilworth School

  • Education Level: Middle
  • # of students: 591
  • # of teachers: 27
4
GreatSchools Rating

Central High School

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

$670,500$819,500$745,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,749
Property Tax -$456
Property Insurance -$81
Property Management Fees -$99
CASH FLOW
$85

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.

$745,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.47%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$65,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,892

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$3,470
1$3,4702$3,495
$3,495
RENT COMPS ANALYSIS
  • 738 W Culver Street Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,780 Sqft ∙ Built 1925 5 beds 3 baths ∙ 2,780 Sqft ∙ Built 1925
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $1.25
    •  
  • 1819 N 11th Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937 4 beds 3 baths ∙ 2,488 Sqft ∙ Built 1937
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.40
    •  
PROPERTY LISTING DETAILS
Anna R Lauri
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153748
Last Updated: 10/31/2020
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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