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744 E Wier Avenue Phoenix, AZ 85040

3 Beds 1 Baths 875 sqft Built 1936

$204,999

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1936
  • Price/Sqft : $234.28
  • 7 Days on Market
  • MLS # : 6173434
  • Updated Date : 12/21/2020 at 16:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 875 sqft
  • Baths : 1 full
Listing Agent

Delex Realty

Listing Agent's Description

Don't miss your opportunity to own this adorable move-in ready 3 bed 1 bath home on a large corner lot, completely fenced with RV gate and plenty of space to park. Close to Down Town. New water heater installed in 2019. This home is clean as a whistle.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roosevelt Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Roosevelt Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5251567

* 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
Irene Lopez School Primary Regular 543 22 3
Irene Lopez School Middle Regular 543 22 3
South Mountain High School High Regular 1,706 102 2

Irene Lopez School

  • Education Level: Primary
  • # of students: 543
  • # of teachers: 22
3
GreatSchools Rating

Irene Lopez School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 22
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$184,499$225,499$204,999

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$756
Property Tax -$133
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$53

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.

$204,999

PROJECTED PRICE

$980

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.9%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,250
Loan Amount $153,749
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,283

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
  • $770

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9003$925
$925
RENT COMPS ANALYSIS
  • 744 E Wier Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 875 Sqft ∙ Built 1936 3 beds 1 baths ∙ 875 Sqft ∙ Built 1936
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1749 E Southern Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,025 Sqft ∙ Built 1955
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.88
    •  
  • 2161 E Broadway Road Phoenix, AZ 3
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1955
    property image
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.88
    •  
PROPERTY LISTING DETAILS
Shamra Harrison
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173434
Last Updated: 12/21/2020
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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