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7536 W Turney Avenue Phoenix, AZ 85033

3 Beds 2 Baths 1,176 sqft Built 1976

$259,900

List Price

$920

$828 - $1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $221.00
  • 4 Days on Market
  • MLS # : 6156639
  • Updated Date : 11/05/2020 at 13:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

WOW! BEAUTIFUL 3 BEDROOM 2 BATH REMODEL WITH 2 CAR GARAGE! NEW HEATING/COOLING SYSTEM INSTALLED IN 2020! NEW LOW-E WINDOWS THROUGHOUT! REFRIGERATOR INCLUDED! This move-in ready home boasts fresh paint inside and out, tile flooring, new Berber carpet, updated cabinets, marble tile countertops, updated Master Bath with tiled shower and frameless glass shower doors, walk-in closet, updated Guest Bath, updated light fixtures and ceiling fans, shades, French doors with inset blinds, updated front door, updated ceilings (popcorn removed), programmable thermostat, finished Garage with epoxy floor and insulation, Storage Room with workbench, block construction and more! Outside you'll enjoy the large lawn with sprinklers in front & back, 6' side gate, front porch, and block fencing. Must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Maryvale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6831567

* 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
Tomahawk Elementary School Primary Regular 983 48 3
Estrella Middle School Middle Regular 1,338 55 4
Trevor Browne High School High Regular 3,077 144 3

Tomahawk Elementary School

  • Education Level: Primary
  • # of students: 983
  • # of teachers: 48
3
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
 

$233,910$285,890$259,900

PURCHASE PRICE

$828$1,012$920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $920
EXPENSES Loan Payment -$959
Property Tax -$157
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$345

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.

$259,900

PROJECTED PRICE

$920

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 13.8%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $920

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $967

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$920
1$9202$1,0253$1,0954$1,1495$1,200
$1,200
RENT COMPS ANALYSIS
  • 7536 W Turney Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $920
    • $0.78
    •  
  • 4102 N 69th Lane #1407 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,264 Sqft ∙ Built 1984
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $0.81
    •  
  • 7728 W Reade Avenue Glendale, AZ 3
    • 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,401 Sqft ∙ Built 1972
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.78
    •  
  • 7141 W Westview Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1971
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,149
    • $0.85
    •  
  • 7507 W Roma Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1978
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Todd Heilesen
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156639
Last Updated: 11/05/2020
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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