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8819 N 4th Street Phoenix, AZ 85020

5 Beds 3 Baths 1,450 sqft Built 1946

$269,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $186.14
  • 5 Days on Market
  • MLS # : 6198634
  • Updated Date : 02/24/2021 at 22:14
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,450 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Great investment opportunity! Home with guest house for under $300k. Both rented out to separate tenants which are month to month. Main house is about 850sqft 3bed/1bath. Guest house is about 600sqft 2bed/2bath. Property is being sold as is as it does need work which is reflected in the price. Please do not disturb the tenants. No showings until we have an accepted offer.

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PRICE & RENT TRENDS

Neighborhood: Townley Square

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Townley Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
Desert View Elementary School Primary Regular 454 29 3
Sunnyslope High School High Regular 2,064 88 6

Desert View Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$937
Property Tax -$161
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$207

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.

$269,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$36,181

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
  • $1,747

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4653$2,000
$2,000
RENT COMPS ANALYSIS
  • 8819 N 4th Street Phoenix, AZ 1
    • 5 beds 3 baths ∙ 1,450 Sqft ∙ Built 1946 5 beds 3 baths ∙ 1,450 Sqft ∙ Built 1946
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9807 N 18th Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,220 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,220 Sqft ∙ Built 1959
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $1.20
    •  
  • 1233 E Mission Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,649 Sqft ∙ Built 1955
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
PROPERTY LISTING DETAILS
Jacob Sarkisian
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198634
Last Updated: 02/24/2021
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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