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92 W Lynwood Street Phoenix, AZ 85003

4 Beds 3 Baths 2,294 sqft Built 1913

$725,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1913
  • Price/Sqft : $316.04
  • 2 Days on Market
  • MLS # : 6194090
  • Updated Date : 02/13/2021 at 20:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Brokers Hub Realty, Llc

Listing Agent's Description

Per the State Historic Preservation Inventory,''Architecturally, the house is one of the best examples of a Craftsman Bungalow in Phoenix''.Clinker brick details strike you as you walk up to the front porch. Enter into another era with the original wood work in the living and dining rooms, stone fireplace flanked by leaded glass built-ins matching the dining room built-in. Plate and picture moldings adorn the walls and a window seat beckons from under large original windows. The picture railing continues through all three bedrooms. The primary bedroom has rare double closets (one walk in) and the hall bath has a claw foot slipper tub. There's great storage in the butler's pantry and easily accessible basement.The guest house has it's own kitchen, bath, and has great space w vaulted ceiling

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Roosevelt

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k441k

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

Neighborhood: Roosevelt

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9341802

* 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
Central High School High Regular 2,251 136 3
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,518
Property Tax -$387
Property Insurance -$72
Property Management Fees -$99
CASH FLOW
-$536

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.

$725,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$9,504

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
  • $3,510

    COMP ESTIMATED VALUE
  • $1.53

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,8003$3,800
$3,800
RENT COMPS ANALYSIS
  • 92 W Lynwood Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1913 4 beds 3 baths ∙ 2,294 Sqft ∙ Built 1913
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1421 E Garfield Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1929 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 1929
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.26
    •  
  • 630 N 4th Avenue Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,115 Sqft ∙ Built 1909 5 beds 3 baths ∙ 2,115 Sqft ∙ Built 1909
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.80
    •  
PROPERTY LISTING DETAILS
Sherry L Rampy
Brokers Hub Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194090
Last Updated: 02/13/2021
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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