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8019 W Forest Grove Avenue Phoenix, AZ 85043

3 Beds 2 Baths 1,763 sqft Built 2004

$309,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $175.78
  • 2 Days on Market
  • MLS # : 6163520
  • Updated Date : 11/21/2020 at 21:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

A gorgeous 3 bed, 2 bath property located in Phoenix is now on the market! Featuring desert landscaping, grass, you simply have to come see it to believe it! Inside you will find elegant dining and living areas and a gorgeous kitchen, granite counter top a pantry, and all the high-end appliances you need for home cooking. Also including a lovely master bedroom with its own private bath, and a stunning backyard with a refreshing pool perfect for the summer, this is sure to be the home you've always dreamed of! Come now! Home WITH A POOL. New paint in side and out side .new carpet ,new stove and water heater .Many great things about this house! Close to schools, parks, shopping and easy access to the I-10 & 202. This one wont last long

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tuscano

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Tuscano

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Tuscano Elementary School Primary Regular 719 34 4
Santa Maria Middle School Middle Regular 700 33 3
Sierra Linda High School High Regular 1,883 72 1

Tuscano Elementary School

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 34
4
GreatSchools Rating

Santa Maria Middle School

  • Education Level: Middle
  • # of students: 700
  • # of teachers: 33
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,143
Property Tax -$179
Property Insurance -$62
HOA -$67
Property Management Fees -$99
CASH FLOW
-$130

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.

$309,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.46%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,4204$1,5495$1,695
$1,695
RENT COMPS ANALYSIS
  • 8019 W Forest Grove Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.81
    •  
  • 7921 W Globe Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2004
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 8516 W Riley Road Tolleson, AZ 2
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 7639 W Riverside Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.86
    •  
  • 7924 W Williams Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Bonnie Stachon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163520
Last Updated: 11/21/2020
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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