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913 W Angela Drive Phoenix, AZ 85023

2 Beds 1 Baths 858 sqft Built 1977

$220,000

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $256.41
  • 6 Days on Market
  • MLS # : 6192039
  • Updated Date : 02/11/2021 at 22:09
CONSTRUCTION
  • Beds : 2
  • Floor Size : 858 sqft
  • Baths : 1 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Check out this Cute 2 bedroom, 1 bathroom home. Looking for the perfect home with space in all the right places or maybe your next investment property? This may be the home for you..... better hurry though....in this market this will not last!!! Quant open concept with room for possible expansion. HUGE grass backyard with plenty of room for the kids to play or your fur babies to roam. Enjoy your citrus fruit trees and extended covered patio. Outside there is an enclosed storage room/workshop in addition to a separate enclosed laundry area. Located at the entry to a cul-de-sac with north/south exposure. You will love this adorable home. Don't miss your chance making it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$764
Property Tax -$132
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$29

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.

$220,000

PROJECTED PRICE

$1,010

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$11,257

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
  • $1,006

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9953$1,0004$1,1005$1,250
$1,250
RENT COMPS ANALYSIS
  • 913 W Angela Drive Phoenix, AZ 1
    • 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18238 N 10th Drive Phoenix, AZ 2
    • 2 beds 1 baths ∙ 871 Sqft ∙ Built 1980 2 beds 1 baths ∙ 871 Sqft ∙ Built 1980
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.14
    •  
  • 17202 N 16th Drive #10 Phoenix, AZ 3
    • 2 beds 1 baths ∙ 840 Sqft ∙ Built 1981 2 beds 1 baths ∙ 840 Sqft ∙ Built 1981
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.19
    •  
  • 1734 W Michigan Avenue Phoenix, AZ 4
    • 2 beds 2 baths ∙ 945 Sqft ∙ Built 1973 2 beds 2 baths ∙ 945 Sqft ∙ Built 1973
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.16
    •  
  • 902 W Michigan Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.20
    •  
PROPERTY LISTING DETAILS
Gordon Hageman
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192039
Last Updated: 02/11/2021
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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