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836 E Alta Vista Road Phoenix, AZ 85042

3 Beds 1 Baths 1,404 sqft Built 1946

INVESTimate

$269,000

List Price

$1,300

$1,170 - $1,430

Rent Est.

$293,506  ( +9.11%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1946
  • Price/Sqft : $191.60
  • 2 Days on Market
  • MLS # : 6122170
  • Updated Date : 08/24/2020 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 1 full
Listing Agent

The Offer Company

Listing Agent's Description

Amazing opportunity with this one. It is 2 units. The house is 1404 sq ft and has 3 bedrooms and 1 bath along with a basement. The 2nd is about 1100 sq ft and has 2 bedrooms/1 bath. They have been recently updated and ready to move in! Rent out both or live in the main house and rent out the 2nd one for around $950. You could almost cover your mortgage payment!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella Rancho

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Estrella Rancho

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6501567

* 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
C.o. Greenfield School Primary Regular 581 33 3
C.o. Greenfield School Middle Regular 581 33 3
South Mountain High School High Regular 1,706 102 2

C.o. Greenfield School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

C.o. Greenfield School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$992
Property Tax -$175
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$21

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.

$269,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.11%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$17,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3003$1,3454$1,3505$1,495
$1,495
RENT COMPS ANALYSIS
  • 836 E Alta Vista Road Phoenix, 2
    • 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 1737 E Wier Avenue Phoenix, 1
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1961
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 1861 E Mobile Lane Phoenix, 3
    • 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1956
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $1.03
    •  
  • 1332 E La Salle Street Phoenix, 4
    • 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.17
    •  
  • 6219 S 7th Avenue Phoenix, 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
PROPERTY LISTING DETAILS
Anette Brown
The Offer Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122170
Last Updated: 08/24/2020
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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