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8643 W Monte Vista Road Phoenix, AZ 85037

4 Beds 3 Baths 2,193 sqft Built 1993

$334,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $152.71
  • 2 Days on Market
  • MLS # : 6203527
  • Updated Date : 03/06/2021 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,193 sqft
  • Baths : 3 full
Listing Agent

Offerpad

Listing Agent's Description

VACANT! Spacious 4 bedroom, 2.5 bath home in Palm Ridge Phoenix community on a corner lot! New roof! NEW interior and exterior paint! Convenient floorplan downstairs with formal living room at front entrance separate from family/dining/kitchen great room at the rear. Kitchen features new quartz counters, matching cabinets and brand new stainless steel appliances. Inside laundry with shelving is just across from the guest bath. All bedrooms are upstairs. Master bedroom features double closets and flows into master bathroom. Master bathroom features dual vanity sinks and separate toilet/walk-in shower area. Graveled back yard with sparkling POOL, just in time for summer fun!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palm Ridge One

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Palm Ridge One

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7981567

* 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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,163
Property Tax -$210
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$2

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.

$334,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,661

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5403$1,5754$1,6995$1,795
$1,795
RENT COMPS ANALYSIS
  • 8643 W Monte Vista Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.70
    •  
  • 8705 W Cambridge Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.71
    •  
  • 8731 W Wilshire Drive Phoenix, AZ 3
    • 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 4
    • 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
    •  
  • 8921 W Virginia Avenue Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,284 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,284 Sqft ∙ Built 1987
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203527
Last Updated: 03/06/2021
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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