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8224 W Globe Avenue Phoenix, AZ 85043

4 Beds 3 Baths 2,348 sqft Built 2005

$314,999

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $134.16
  • 6 Days on Market
  • MLS # : 6153639
  • Updated Date : 10/29/2020 at 18:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 3 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Amazing spacious 4 bedrooms, 3 full restrooms, and 3 living rooms, with your own personal bedroom and full restroom downstairs! Kitchen has Granite counters ,Landscaped front and backyard! Tile and new carpet throughout the whole house! Wont last!

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
 

$283,499$346,499$314,999

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,162
Property Tax -$182
Property Insurance -$73
HOA -$52
Property Management Fees -$99
CASH FLOW
-$68

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.

$314,999

PROJECTED PRICE

$1,500

PROJECTED RENT

0.48%

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$14k

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$89,225

INVESTMENT

$89,225

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $78,750
Loan Amount $236,249
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,042

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5253$1,5754$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 8224 W Globe Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.64
    •  
  • 8420 W Hughes Drive Tolleson, AZ 2
    • 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    property image
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.70
    •  
  • 2618 S Devonna Lane Tolleson, AZ 3
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.73
    •  
  • 8341 W Hughes Drive Tolleson, AZ 4
    • 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,352 Sqft ∙ Built 2001
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.68
    •  
  • 8531 W Flavia Haven Tolleson, AZ 5
    • 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,417 Sqft ∙ Built 2003
    property image
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.70
    •  
PROPERTY LISTING DETAILS
Diana M Flores
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153639
Last Updated: 10/29/2020
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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