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819 E Rovey Avenue Phoenix, AZ 85014

4 Beds 2 Baths 1,812 sqft Built 1954

$310,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $171.08
  • 2 Days on Market
  • MLS # : 6194078
  • Updated Date : 02/13/2021 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,812 sqft
  • Baths : 2 full
Listing Agent

Arizona Gateway Real Estate

Listing Agent's Description

INVESTOR FIX UP SPECIAL! Fantastic opportunity to own a property in a great North Phoenix neighborhood.This property is ready for your make over skills! Award-winning Madison School District is right up the street. Single level corner lot ready for your updates. 4 bedrooms, 2 bathrooms, fixer upper. Huge kitchen.Corner lot in the heart of Phoenix.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bethany Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k347k

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

Neighborhood: Bethany Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9341695

* 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
Madison Rose Lane School Primary Regular 815 43 7
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Rose Lane School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 43
7
GreatSchools Rating

North High School

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

Phoenix Coding Academy

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,077
Property Tax -$264
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$308

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.

$310,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$49,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,649
1$1,6492$1,8103$1,9004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 819 E Rovey Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1954 4 beds 2 baths ∙ 1,812 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.00
    •  
  • 6040 N 15th Street #39 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1963
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.95
    •  
  • 1539 E San Miguel Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 5739 N 16th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1948
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
  • 6125 N Central Avenue #11 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Eva Marin
Arizona Gateway Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194078
Last Updated: 02/13/2021
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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