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9214 N 8th Street Phoenix, AZ 85020

2 Beds 1 Baths 728 sqft Built 1944

$229,500

List Price

$960

$864 - $1.1K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1944
  • Price/Sqft : $315.25
  • 4 Days on Market
  • MLS # : 6172089
  • Updated Date : 12/16/2020 at 19:38
CONSTRUCTION
  • Beds : 2
  • Floor Size : 728 sqft
  • Baths : 1 full
Listing Agent

Realty One Group

Listing Agent's Description

Great opportunity to own a home that has been renovated inside and out! No expense spared during the renovation of this cute 2 bed 1 bath home on a large lot. Due to be completed and move in ready on the 1st of the new year. What all has been upgraded you ask? Newfront porch, new back porch, front wall painted with steel mesh inserts, new A/C, new hot water heater, new roof, new electrical panel to include all new outlets, switches, and smoke detectors, new waterproof laminate flooring, new modern bathroom with porcelain shower tile and floor tile, new stainless appliances including refrigerator, new front and back exterior doors, new white interior doors, all new windows, new plumbing, new paint inside and out, and new white kitchen cabinets. This is a must see! Call for more info

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Sunnyslope Elementary School Primary Regular 832 41 3
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope Elementary School

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 41
3
GreatSchools Rating

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$206,550$252,450$229,500

PURCHASE PRICE

$864$1,056$960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $960
EXPENSES Loan Payment -$847
Property Tax -$137
Property Insurance -$41
Property Management Fees -$99
CASH FLOW
-$164

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.

$229,500

PROJECTED PRICE

$960

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,568

INVESTMENT

$66,568

Down Payment
$57,375
Rehab Estimate
$5,750
Closing Costs
$3,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$847

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,375
Loan Amount $172,125
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$4,843

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
  • $961

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9503$9954$9995$1,195
$1,195
RENT COMPS ANALYSIS
  • 9214 N 8th Street Phoenix, AZ 1
    • 2 beds 1 baths ∙ 728 Sqft ∙ Built 1944 2 beds 1 baths ∙ 728 Sqft ∙ Built 1944
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 833 E Alice Avenue #b Phoenix, AZ 2
    • 2 beds 1 baths ∙ 779 Sqft ∙ Built 1958 2 beds 1 baths ∙ 779 Sqft ∙ Built 1958
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.22
    •  
  • 9218 N 6th Street #3 Phoenix, AZ 3
    • 2 beds 1 baths ∙ 760 Sqft ∙ Built 1962 2 beds 1 baths ∙ 760 Sqft ∙ Built 1962
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.31
    •  
  • 833 E Alice Avenue #a Phoenix, AZ 4
    • 2 beds 1 baths ∙ 700 Sqft ∙ Built 1958 2 beds 1 baths ∙ 700 Sqft ∙ Built 1958
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $999
    • $1.43
    •  
  • 8838 N 2nd Street Phoenix, AZ 5
    • 2 beds 2 baths ∙ 905 Sqft ∙ Built 1952 2 beds 2 baths ∙ 905 Sqft ∙ Built 1952
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.32
    •  
PROPERTY LISTING DETAILS
Kyle J Speck
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172089
Last Updated: 12/16/2020
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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