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801 S 4th Avenue Phoenix, AZ 85003

4 Beds 2 Baths 1,726 sqft Built 2007

$329,995

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $191.19
  • 7 Days on Market
  • MLS # : 6210500
  • Updated Date : 03/22/2021 at 16:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

THIS BEAUTIFUL MOVE IN READY HOME BOASTS 4 BEDROOMS 2 BATHS, TILE FLOORING THROUGHOUT,INTERIOR/EXTERIOR PAINT, AND PLENTY OF SPACE FOR THE FAMILY. THE HUGE PRIVATE BACKYARD IS PERFECT FOR OUTDOOR PLAY AND LEISURE. HOME IS LOCATED SO CLOSE TO DOWNTOWN, YOU CAN SEE IT. ALSO CLOSE TO FREEWAY FOR A CONVENIENT COMMUTE ANYWHERE IN THE CITY. HOME WAS BUILT IN 2007 AND HAS NO HOA! COME TOUR THIS BEAUTY TODAY.

SEE MORE

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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Central High School

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

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$296,996$362,995$329,995

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,146
Property Tax -$176
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
$488

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.

$329,995

PROJECTED PRICE

$1,970

PROJECTED RENT

0.60%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,199

INVESTMENT

$93,199

Down Payment
$82,499
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,499
Loan Amount $247,496
See What Happens When You Reinvest Cash Flow

12.83

YEARS SAVED

$67,857

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,215

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,9703$2,4004$2,700
$2,700
RENT COMPS ANALYSIS
  • 801 S 4th Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,726 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.14
    •  
  • 837 N 13th Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,492 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,492 Sqft ∙ Built 2003
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.96
    •  
  • 1155 E Fillmore Street #a Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 2020
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.42
    •  
  • 509 E Ames Place Phoenix, AZ 4
    • 3 beds 4 baths ∙ 1,843 Sqft ∙ Built 2014 3 beds 4 baths ∙ 1,843 Sqft ∙ Built 2014
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.47
    •  
PROPERTY LISTING DETAILS
Angelica M Murrieta
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210500
Last Updated: 03/22/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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