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8572 W Granada Road Phoenix, AZ 85037

4 Beds 2 Baths 1,912 sqft Built 1998

$395,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $206.59
  • 35 Days on Market
  • MLS # : 6248115
  • Updated Date : 07/12/2021 at 23:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful home with NO HOA, ready to move in. Property has 4 bedrooms, 2. bath, formal living and dining room. Very spacious master bedroom with walk-in closets. A ceiling fan in every room. Outstanding & charming house is ready for you to make your own This home has a great layout. Nice size living room with vaulted ceilings. Large, open kitchen that was made for entertaining with plenty of cabinets, granite counter tops and a large window that looks into your backyard. clean yard, great location. Great investment property. Home is close to great schools, shopping spots, restaurants, and so much more. Don't wait any longer! Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Palm Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7841567

* 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
Tolleson Union High School High Regular 1,911 91 4

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,372
Property Tax -$247
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
-$393

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.

$395,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,627

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
  • $1,491

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5004$1,5755$1,699
$1,699
RENT COMPS ANALYSIS
  • 8572 W Granada Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9141 W Alvarado Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 8476 W Lewis Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 8731 W Wilshire Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.75
    •  
  • 8913 W Cypress Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1995
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ivan Mendoza
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6248115
Last Updated: 07/12/2021
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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