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8733 W Virginia Avenue Phoenix, AZ 85037

4 Beds 3 Baths 2,212 sqft Built 1986

$319,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $144.62
  • 2 Days on Market
  • MLS # : 6181914
  • Updated Date : 01/16/2021 at 07:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,212 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

NO HOA! Come check out this gorgeous 4 bed, 2.5 bath home in Phoenix. Conveniently shop and eat with Westgate Entertainment District, Tanger Outlets and Desert Sky nearby. Access to major highways is within minutes. Make your appointment today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westridge Shadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Westridge Shadows

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
Amberlea Elementary School Primary Regular 706 31 3
Amberlea Elementary School Middle Regular 706 31 3
Copper Canyon High School High Regular 2,251 82 1

Amberlea Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 31
3
GreatSchools Rating

Amberlea Elementary School

  • Education Level: Middle
  • # of students: 706
  • # of teachers: 31
3
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,111
Property Tax -$198
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$42

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.

$319,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$22,509

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
  • $1,665

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,5754$1,6995$1,699
$1,699
RENT COMPS ANALYSIS
  • 8733 W Virginia Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8705 W Cambridge Avenue Phoenix, AZ 2
    • 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
    •  
  • 2405 N 92nd Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.77
    •  
  • 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
Daniela Salcedo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181914
Last Updated: 01/16/2021
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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