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8606 N 30th Drive Phoenix, AZ 85051

3 Beds 2 Baths 1,176 sqft Built 1954

$235,000

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $199.83
  • 5 Days on Market
  • MLS # : 6164537
  • Updated Date : 11/24/2020 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come see this 3 bedroom, 2 bath block home that sits close to shopping centers, grocery stores, restaurants and easy access to freeways! Perfect home for first time home owners.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Alta Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6461567

* 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
Alta Vista Elementary School Primary Regular 647 36 3
Alta Vista Elementary School Middle Regular 647 36 3
Cortez High School High Regular 1,127 55 4

Alta Vista Elementary School

  • Education Level: Primary
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Alta Vista Elementary School

  • Education Level: Middle
  • # of students: 647
  • # of teachers: 36
3
GreatSchools Rating

Cortez High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$867
Property Tax -$140
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$176

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.

$235,000

PROJECTED PRICE

$980

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,106

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
  • $960

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8003$9504$1,195
$1,195
RENT COMPS ANALYSIS
  • 8606 N 30th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1954
    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
    •  
  • 3613 W Harmont Drive Phoenix, AZ 4
    • 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
Khu Paw
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164537
Last Updated: 11/24/2020
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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