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802 E Oak Street Phoenix, AZ 85006

2 Beds 1 Baths 956 sqft Built 1979

$349,999

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $366.11
  • 2 Days on Market
  • MLS # : 6181739
  • Updated Date : 01/16/2021 at 19:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 956 sqft
  • Baths : 1 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Open House Saturday 01/16 and Sunday 01/17 from 12-3pm. No private showings. Tenant occupied do not disturb. The property is only available to view during open house hours, no exceptions. Do not not miss out on this nice corner lot home in the desirable Coronado Historic District. Roof replaced in 2019 and other interior updates including tile flooring, updated kitchen and bathroom, new windows plus security gate around the property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k311k

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

Neighborhood: Coronado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Emerson School Primary Regular 430 29 3
Emerson School Middle Regular 430 29 3
North High School High Regular 2,616 128 5

Emerson School

  • Education Level: Primary
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

Emerson School

  • Education Level: Middle
  • # of students: 430
  • # of teachers: 29
3
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$314,999$384,999$349,999

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$1,216
Property Tax -$187
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$447

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.

$349,999

PROJECTED PRICE

$1,100

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 14.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,499
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,128

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,2454$1,2955$1,350
$1,350
RENT COMPS ANALYSIS
  • 802 E Oak Street Phoenix, AZ 1
    • 2 beds 1 baths ∙ 956 Sqft ∙ Built 1979 2 beds 1 baths ∙ 956 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.15
    •  
  • 3848 N 3rd Avenue #1016 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 989 Sqft ∙ Built 1996 2 beds 2 baths ∙ 989 Sqft ∙ Built 1996
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.16
    •  
  • 3434 N 11th Street #7 Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,096 Sqft ∙ Built 1983 2 beds 3 baths ∙ 1,096 Sqft ∙ Built 1983
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.14
    •  
  • 353 E Thomas Road #c107 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,102 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,102 Sqft ∙ Built 1960
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.18
    •  
  • 2946 N 14th Street #15 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 1974
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.24
    •  
PROPERTY LISTING DETAILS
Thomas Espinosa
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181739
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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