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8822 S 9th Street Phoenix, AZ 85042

3 Beds 2 Baths 1,395 sqft Built 2002

$289,999

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $207.88
  • 4 Days on Market
  • MLS # : 6177757
  • Updated Date : 01/09/2021 at 19:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,395 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is IT! Charming home in the gated community of Dobbins Creek. The property has great curb appeal and attractive yet easy to maintain landscaping. The back yard has a covered patio and a clean slate to landscape however you can imagine. Inside there is an open floor plan, neutral color paint throughout, ceiling fans in all the right places, and tile flooring through all the main living areas. Spacious bedrooms and a walk-in closet in the master bed. Your new kitchen offers plenty of cabinet storage and countertop space, an island, double sink, and stainless steel appliances. You'll love everything about this home. Come take a look before it's gone. You won't be disappointed. thanks for checking in.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobbins Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Dobbins Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8861567

* 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
Maxine O. Bush Elementary School Primary Regular 451 22 2
Maxine O. Bush Elementary School Middle Regular 451 22 2
South Mountain High School High Regular 1,706 102 2

Maxine O. Bush Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

Maxine O. Bush Elementary School

  • Education Level: Middle
  • # of students: 451
  • # of teachers: 22
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$260,999$318,999$289,999

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,007
Property Tax -$189
Property Insurance -$54
HOA -$110
Property Management Fees -$99
CASH FLOW
-$59

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$289,999

PROJECTED PRICE

$1,400

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,499
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,719

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,412

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4504$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 8822 S 9th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 1113 E Beth Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2004
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 1102 E Gwen Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,465 Sqft ∙ Built 2002
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 917 E Gwen Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,465 Sqft ∙ Built 2002
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 910 E Beth Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 2002
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
PROPERTY LISTING DETAILS
Francisco J Mendoza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177757
Last Updated: 01/09/2021
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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