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9103 W Wilshire Avenue Phoenix, AZ 85037

4 Beds 2 Baths 1,919 sqft Built 2004

$295,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $154.19
  • 3 Days on Market
  • MLS # : 6178703
  • Updated Date : 01/08/2021 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

A wholesome 4 bedroom, 2 bathroom home in Phoenix, AZ is waiting for a new owner. The front pillars have stone accents that enhance the desert landscaping. The front door opens to the living room, which has a large window letting in natural lighting. The kitchen has a gas stove hook up, lots of cabinet space, and opens into the dining room. The spacious primary bedroom has a walk-in closet and the connecting bathroom has a deep soaking tub with a built-in headrest. This home is a 5-minute walk to Horizons at Sheely Farms park and a 6-minute drive from Desert Sky Mall.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8321567

* 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
Sheely Farms Elementary School Primary Regular 777 36 4
Sheely Farms Elementary School Middle Regular 777 36 4
Tolleson Union High School High Regular 1,911 91 4

Sheely Farms Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Sheely Farms Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$266,310$325,490$295,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,028
Property Tax -$185
Property Insurance -$65
HOA -$17
Property Management Fees -$99
CASH FLOW
$87

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.

$295,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,164

INVESTMENT

$84,164

Down Payment
$73,975
Rehab Estimate
$5,750
Closing Costs
$4,439

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,975
Loan Amount $221,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$25,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,521

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5004$1,5755$1,695
$1,695
RENT COMPS ANALYSIS
  • 9103 W Wilshire Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.77
    •  
  • 9141 W Alvarado Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 8476 W Lewis Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,869 Sqft ∙ Built 2008
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
  • 8731 W Wilshire Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 1988
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.75
    •  
  • 2537 N 88th Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 1986
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178703
Last Updated: 01/08/2021
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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