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9304 W Millkweed Loop Phoenix, AZ 85037

4 Beds 2 Baths 1,769 sqft Built 2003

$335,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $189.37
  • 1 Days on Market
  • MLS # : 6182141
  • Updated Date : 01/17/2021 at 01:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,769 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Absolutely beautiful remodeled 4 Bedroom 2 Bathroom home in a great location ! Close to freeway 101 & I-10, near Westgate Center, Cardinals Football, Hockey,....Shopping and entertainment are within 3 miles radius. This house completely remodeled including new paint exterior and interior, new cabinets for kitchen and bathrooms, granite counter tops with back plash tiles. Open floor plan, master bedroom have a huge master closet, marvelous master bathroom have 2 sinks, separate bath tub and shower tile with frameless glasses. New plumbing fixtures, new lights and fans, new baseboards, new hardware..... New stainless steel appliances.... A lot more to say about this property, you need to see it. Buyer to verify all info: school, material fact, measurements,.... etc. Owner / Agent.

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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,164
Property Tax -$210
Property Insurance -$62
HOA -$63
Property Management Fees -$99
CASH FLOW
-$287

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.

$335,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.39%

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-$6.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,518

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
  • $1,424

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3754$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 9304 W Millkweed Loop Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9237 W Milkweed Loop Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 9332 W Milkweed Loop Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.78
    •  
  • 9141 W Alvarado Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.79
    •  
  • 9313 W Milkweed Loop Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2003
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
PROPERTY LISTING DETAILS
Minh A Pham
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182141
Last Updated: 01/17/2021
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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