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743 W Pima Street Phoenix, AZ 85007

2 Beds 1 Baths 900 sqft Built 1946

$139,900

List Price

$880

$792 - $968

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $155.44
  • 7 Days on Market
  • MLS # : 6165821
  • Updated Date : 11/30/2020 at 16:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 900 sqft
  • Baths : 1 full
Listing Agent

West Usa Realty

Listing Agent's Description

Do not miss out on this steal of an opportunity located near downtown Phoenix! It is hard to find anything at this price! Home is zoned R3 with room for LOTS of potential. Property to be sold in as is conditions allowing the next owner to make it their own.

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PRICE & RENT TRENDS

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Central City South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5881567

* 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
Bethune School Primary Regular 480 25 3
Bethune School Middle Regular 480 25 3
Central High School High Regular 2,251 136 3

Bethune School

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Bethune School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 25
3
GreatSchools Rating

Central High School

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

$125,910$153,890$139,900

PURCHASE PRICE

$792$968$880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $880
EXPENSES Loan Payment -$516
Property Tax -$75
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
$145

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.

$139,900

PROJECTED PRICE

$880

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.7%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,824

INVESTMENT

$42,824

Down Payment
$34,975
Rehab Estimate
$5,750
Closing Costs
$2,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$516

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $34,975
Loan Amount $104,925
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$26,048

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
  • $941

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$1,000
$1,000
RENT COMPS ANALYSIS
  • 743 W Pima Street Phoenix, AZ 1
    • 2 beds 1 baths ∙ 900 Sqft ∙ Built 1946 2 beds 1 baths ∙ 900 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 313 N 18th Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 750 Sqft ∙ Built 1926 2 beds 1 baths ∙ 750 Sqft ∙ Built 1926
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $1.07
    •  
  • 1022 S Montezuma Street #1 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 980 Sqft ∙ Built 1942 2 beds 2 baths ∙ 980 Sqft ∙ Built 1942
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Albert Patron
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165821
Last Updated: 11/30/2020
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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