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8531 N 37th Avenue Phoenix, AZ 85051

3 Beds 1 Baths 1,050 sqft Built 1959

$225,000

List Price

$1,070

$963 - $1.2K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $214.29
  • 7 Days on Market
  • MLS # : 6173530
  • Updated Date : 12/21/2020 at 12:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,050 sqft
  • Baths : 1 full
Listing Agent

S. J. Fowler Real Estate Inc.

Listing Agent's Description

Arizona room add on with sink. 1 year old HVAC. Partially Upgraded tile floor and laminated floor. No permit from the City.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunset Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Sunset Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7471567

* 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
Manzanita Elementary School Primary Regular 797 41 4
Manzanita Elementary School Middle Regular 797 41 4
Cortez High School High Regular 1,127 55 4

Manzanita Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Manzanita Elementary School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 41
4
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$963$1,177$1,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,070
EXPENSES Loan Payment -$830
Property Tax -$134
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$41

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.

$225,000

PROJECTED PRICE

$1,070

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$12,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $885

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$9504$1,0005$1,195
$1,195
RENT COMPS ANALYSIS
  • 8531 N 37th Avenue Phoenix, AZ 1
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1959 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1959
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3719 W Dunlap Avenue Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,024 Sqft ∙ Built 1963
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $800
    • $0.78
    •  
  • 3326 W Northern Avenue #1 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1974
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.79
    •  
  • 3902 W Griswold Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1961
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.92
    •  
  • 3613 W Harmont Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 1970
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
PROPERTY LISTING DETAILS
Thiang Nun Mawi
S. J. Fowler Real Estate Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173530
Last Updated: 12/21/2020
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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