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8214 W Superior Avenue Phoenix, AZ 85043

4 Beds 2 Baths 1,518 sqft Built 2004

$275,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $181.16
  • 2 Days on Market
  • MLS # : 6184865
  • Updated Date : 01/23/2021 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,518 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Spacious 4 bedroom, 2 bathroom home with new flooring, new light fixtures, new ceiling fan, and new paint. 2 car garage, patio in backyard, and grass. This won't 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$955
Property Tax -$159
Property Insurance -$57
HOA -$67
Property Management Fees -$99
CASH FLOW
-$117

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.

$275,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,256

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,2954$1,3995$1,400
$1,400
RENT COMPS ANALYSIS
  • 8214 W Superior Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $0.80
    •  
  • 8137 W Globe Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,518 Sqft ∙ Built 2005
    property image
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.79
    •  
  • 7921 W Globe Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,664 Sqft ∙ Built 2004
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 8352 W Crown King Road Tolleson, AZ 4
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.87
    •  
  • 8516 W Riley Road Tolleson, AZ 5
    • 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,602 Sqft ∙ Built 2005
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
PROPERTY LISTING DETAILS
Tyler S Truscio
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184865
Last Updated: 01/23/2021
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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