Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9414 W Sheridan Street Phoenix, AZ 85037

4 Beds 3 Baths 2,461 sqft Built 2005

$310,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.97
  • 3 Days on Market
  • MLS # : 6206579
  • Updated Date : 03/12/2021 at 23:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Professional Partners

Listing Agent's Description

Gracious living in Providence at Sheely's Farms! This gorgeous 4 bed + den property has everything you're looking for! Charming curb appeal, low maintenance front yard, and 2 car garage is just the beginning. Interior boasts a formal living room, tile flooring, and a spacious family/dining with so much natural light. The kitchen is equipped with nice appliances, oak cabinets, and plenty of counter space. Loft is ideal for a TV/game area. Large master suite has a walk-in closet and a full bathroom with double sinks & tub/shower combo. Cozy backyard offers a covered patio and lawn, sit back & relax while enjoying your favorite beverage. This amazing community is next to the Sheely Farms Elementary & includes a private park with children's playground & lush greenbelt. Make an offer now!

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
Tolleson Union High School High Regular 1,911 91 4

Tolleson Union High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,077
Property Tax -$194
Property Insurance -$75
HOA -$73
Property Management Fees -$99
CASH FLOW
$122

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.

$310,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.53%

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$1.2M

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$29,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,624

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6404$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 9414 W Sheridan Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.67
    •  
  • 9434 W Virginia Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.62
    •  
  • 9137 W Cypress Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,555 Sqft ∙ Built 2005
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 2014 N 93rd Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
  • 9278 W Sheridan Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,568 Sqft ∙ Built 2004
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.66
    •  
PROPERTY LISTING DETAILS
Andrew J Monaghan
Keller Williams Realty Professional Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206579
Last Updated: 03/12/2021
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.

BESbswy