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8846 W Whitton Avenue 
Phoenix, AZ
85037
3 Beds 2 Baths 1,666 sqft
Built 1978
INVESTimate
$265,000
List Price
$75,975
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PROPERTY INFO
FACTS
- Built In 1978
- Price/Sqft : $159.06
- 3 Days on Market
- MLS # : 6122090
- Updated Date : 08/24/2020 at 17:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,666 sqft
- Baths : 2 full
Listing Agent
Arizona 1st Land & Home Re Co
Listing Agent's Description
Beautiful home with many upgrades. This home features 3 bedrooms + Den, 2 bathrooms, tile flooring throughout, vaulted ceilings, Custom newer kitchen, covered back patio, RV Gate and a two car carport. NO HOA!!! This home is close to shopping centers, stadium and concert pavilion. Schedule your showing today!
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PRICE & RENT TRENDS
Neighborhood: Braewood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Braewood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$164 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$70
|
||
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.
$265,000
PROJECTED PRICE
$1,230
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.02% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
4.33
YEARS SAVED
$13,010
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,333
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
8846 W Whitton Avenue Phoenix, 3
- 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,230
- $0.74
-
8956 W Indianola Avenue Phoenix, 1
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,095
- $0.82
-
8802 W Pinchot Avenue Phoenix, 2
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1974
LEASED 07/01/19- Rent
- Rent Per SQFT
- $1,125
- $0.80
-
9007 W Columbus Avenue Phoenix, 4
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1975
LEASED 05/18/19- Rent
- Rent Per SQFT
- $1,249
- $0.75
-
4216 N 86th Avenue Phoenix, 5
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1976
LEASED 11/29/19- Rent
- Rent Per SQFT
- $1,260
- $0.83
PROPERTY LISTING DETAILS
Arizona 1st Land & Home Re Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122090
Last Updated: 08/24/2020
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.
