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901 E Rose Lane Phoenix, AZ 85014

3 Beds 2 Baths 1,714 sqft Built 1954

INVESTimate

$450,000

List Price

$1,640

$1,476 - $1,804

Rent Est.

$502,245  ( +11.61%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1954
  • Price/Sqft : $262.54
  • 7 Days on Market
  • MLS # : 6120019
  • Updated Date : 08/22/2020 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Mid-century Charmer! Remodeling can be done to YOUR specifications! That's right, YOU choose your own cabinets, flooring, backsplash, counters! 3 bedroom, 2 bath classic home with huge family room addition that has gorgeous warm wood tongue & groove ceilings! Kitchen open to living & family rooms! Master bedroom overlooks a covered patio and has classic white wainscoting panels with chair rail and shower with retro 1950's tiled shower in baby blue. If that's not to your taste, select new finishes! New windows throughout and freshly painted exterior. Large laundry room. Beautiful historic Mid-Town Location! Great Madison School District! Bike to Uptown Weekend Farmer's Market, The Yard & Culinary Dropout. Decor incl. in price listed. Http://www.Realestateconsultantsllc.com/ for detai

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PRICE & RENT TRENDS

Neighborhood: Bethany Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k347k

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

Neighborhood: Bethany Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600Rent in $9341695

* 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
Madison 1 Middle School Primary Regular 923 50 7
Madison 1 Middle School Middle Regular 923 50 7
North High School High Regular 2,616 128 5

Madison 1 Middle School

  • Education Level: Primary
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,660
Property Tax -$323
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$503

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.

$450,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.61%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,593

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
  • $1,611

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3955$1,800
$1,800
RENT COMPS ANALYSIS
  • 901 E Rose Lane Phoenix, 1
    • 2 beds 3 baths ∙ 1,714 Sqft ∙ Built 1954 2 beds 3 baths ∙ 1,714 Sqft ∙ Built 1954
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6117 N 12th Street #6 Phoenix, 2
    • 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,442 Sqft ∙ Built 1964
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 1030 E Bethany Home Road #2 Phoenix, 3
    • 2 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.98
    •  
  • 6109 N 12th Street #8 Phoenix, 4
    • 2 beds 2 baths ∙ 1,538 Sqft ∙ Built 1964 2 beds 2 baths ∙ 1,538 Sqft ∙ Built 1964
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 6640 N Chatelaine Place Phoenix, 5
    • 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,850 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jennifer Ferguson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120019
Last Updated: 08/22/2020
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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