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8419 S 1st Street Phoenix, AZ 85042

4 Beds 4 Baths 2,417 sqft Built 2006

$349,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.39
  • 2 Days on Market
  • MLS # : 6176313
  • Updated Date : 01/02/2021 at 04:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,417 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Marketing Group

Listing Agent's Description

Wait No More. This one is Special. Private Casita with a Full Bath. Great office space.Inside the Main home there are 3 Bedrooms 2.5 Baths. Newer Carpeting. Cherry Wood Cabinets Thru out. Granite Kitchen Counters. Breakfast Nook Pantry. Formal Dining at Great Room. Master Suite with Large Walk-In Closet Plus an additional Closet for storing Blankets & More. Master Suite has Arcadia door to an upstairs Balcony for those Amazing Arizona Sunsets. Dual Vanities at Master Suite, Separate Tub & Shower. Ceiling Fans Thru out. Spacious upstairs Secondary Bedrooms, Upstairs storage Closet as well. Laundry Room with working sink, perfect for washing the pets. The Rear Yard boasts of Paver covered Patio, Built in BBQ, plus room for a Pool.This home is located on a Cul-De-Sac

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Los Somantos

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Los Somantos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8621643

* 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
Maxine O. Bush Elementary School Primary Regular 451 22 2
Maxine O. Bush Elementary School Middle Regular 451 22 2
South Mountain High School High Regular 1,706 102 2

Maxine O. Bush Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

Maxine O. Bush Elementary School

  • Education Level: Middle
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

South Mountain High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,288
Property Tax -$227
Property Insurance -$74
HOA -$93
Property Management Fees -$99
CASH FLOW
$129

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.

$349,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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$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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$37,107

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9104$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 8419 S 1st Street Phoenix, AZ 3
    • 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,417 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.79
    •  
  • 1302 E Beth Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2003
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 112 E Milada Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 2004
    property image
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.79
    •  
  • 7212 S 15th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2006
    property image
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 123 E Beth Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,346 Sqft ∙ Built 2003
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Peggie Jean Herron-simmons
Realty Marketing Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176313
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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