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9417 W Elm Street Phoenix, AZ 85037

4 Beds 2 Baths 2,020 sqft Built 1999

$312,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $154.90
  • 4 Days on Market
  • MLS # : 6154398
  • Updated Date : 10/31/2020 at 16:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,020 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome Home! This beautifully renovated 4 bed, 2 bathroom home boasts new aqua-guard laminate flooring, updated bathrooms, brand new water heater, recently replaced 14.25 seer AC unit (2016), a gorgeous stack-stone gas fireplace & low-maintenance tile roof. The large great room floor plan is excellent for entertaining with it's tall ceilings and massive kitchen island that overlooks family room/ backyard. All this, and a great location too; Just minutes from the 101, WestGate Mall, Banner Medical Center, Cardinal's Stadium, and much more! Don't miss out on this wonderful opportunity to call this house your home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Terracita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8531567

* 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
Sunset Ridge Elementary School Primary Regular 684 29 5
Sunset Ridge Elementary School Middle Regular 684 29 5
Copper Canyon High School High Regular 2,251 82 1

Sunset Ridge Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Sunset Ridge Elementary School

  • Education Level: Middle
  • # of students: 684
  • # of teachers: 29
5
GreatSchools Rating

Copper Canyon High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 82
1
GreatSchools Rating
 

$281,610$344,190$312,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,154
Property Tax -$193
Property Insurance -$67
HOA -$46
Property Management Fees -$99
CASH FLOW
$41

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$312,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$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$88,669

INVESTMENT

$88,669

Down Payment
$78,225
Rehab Estimate
$5,750
Closing Costs
$4,694

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,154

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,225
Loan Amount $234,675
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6004$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 9417 W Elm Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 4701 N 91st Lane Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 9328 W Pasadena Avenue Glendale, AZ 2
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 9202 W Coolidge Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,974 Sqft ∙ Built 2000
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 9430 W Elm Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.80
    •  
PROPERTY LISTING DETAILS
Alexander Rodenburg
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154398
Last Updated: 10/31/2020
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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