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7807 S 5th Drive Phoenix, AZ 85041

3 Beds 4 Baths 2,372 sqft Built 2005

$324,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $136.97
  • 6 Days on Market
  • MLS # : 6155299
  • Updated Date : 11/07/2020 at 20:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,372 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Welcome to this picturesque Spanish style home in the sought-after South Mountain community of Brighton Park. Pass through the inviting wrought iron gated courtyard to enter the home through an 8'doorway that opens to the family room and a sitting area/dining room adjacent to the Casita which has a double tray ceiling, full bath, and includes an outside entrance from the courtyard or an indoor entrance as well. In the eat-in kitchen you will find newer quartz countertops, newer sink and faucet and a pantry. The first floor is updated with ceramic wood plank tile flooring throughout. In the back, from the oversized covered patio you will find a private grassy oasis landscaped with lots of exotic desert plants. Up the hardwood stairway the second floor features a split floorplan that opens

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Brighton Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Brighton Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Valley View School Primary Regular 622 40 4
Valley View School Middle Regular 622 40 4
Cesar Chavez High School High Regular 2,575 131 3

Valley View School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 40
4
GreatSchools Rating

Valley View School

  • Education Level: Middle
  • # of students: 622
  • # of teachers: 40
4
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,199
Property Tax -$211
Property Insurance -$73
HOA -$92
Property Management Fees -$99
CASH FLOW
$76

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.

$324,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$29,438

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
  • $2,016

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,9754$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 7807 S 5th Drive Phoenix, AZ 1
    • 3 beds 4 baths ∙ 2,372 Sqft ∙ Built 2005 3 beds 4 baths ∙ 2,372 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1523 W Saint Catherine Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2002
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.76
    •  
  • 1738 W Pollack Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,298 Sqft ∙ Built 2019
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.86
    •  
  • 7212 S 15th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 123 E Beth Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Brad Dye
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155299
Last Updated: 11/07/2020
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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