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802 W Villa Theresa Drive Phoenix, AZ 85023

3 Beds 2 Baths 1,342 sqft Built 1980

$314,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $234.65
  • 1 Days on Market
  • MLS # : 6170888
  • Updated Date : 12/12/2020 at 19:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,342 sqft
  • Baths : 2 full
Listing Agent

Arizona 1st Land & Home Re Co

Listing Agent's Description

Well maintained North Phoenix block constructed home on HUGE 13,000 sq ft inside corner lot with side vehicle entry. over sized 2 garage with work shop & plenty of storage. Home boasts tile flooring throughout, new countertops & backsplash, ceiling fans, kitchen over looks great room with fireplace which exits to rear covered patio, sparkling pool and green back yard. Call today to schedule your viewing. Not expected to last long on the market.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

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
Constitution Elementary School Primary Regular 680 44 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Constitution Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 44
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,162
Property Tax -$188
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$23

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$314,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3993$1,4804$1,5005$1,549
$1,549
RENT COMPS ANALYSIS
  • 802 W Villa Theresa Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.10
    •  
  • 728 W Topeka Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,329 Sqft ∙ Built 1983
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 342 W Morrow Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1983
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.13
    •  
  • 18259 N 11th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1997
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
  • 1349 W Morrow Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1973
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.09
    •  
PROPERTY LISTING DETAILS
Guillermo E Blanco
Arizona 1st Land & Home Re Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170888
Last Updated: 12/12/2020
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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