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9435 W Virginia Avenue Phoenix, AZ 85037

4 Beds 3 Baths 2,461 sqft Built 2004

INVESTimate

$290,000

List Price

$1,580

$1,422 - $1,738

Rent Est.

$314,998  ( +8.62%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $117.84
  • 9 Days on Market
  • MLS # : 6119279
  • Updated Date : 08/25/2020 at 20:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Your home sweet home is here! Outstanding two-story property in desirable Phoenix is waiting for you. HOA takes care of front landscaping. Step inside to discover a fantastic interior complete with 4 bed, 2.5 bath, living/dining area, designer paint, beautiful pendant lighting, cozy loft, and several windows that bring in so much natural light. Enjoy cooking in this dreamy eat-in kitchen providing recessed lighting, breakfast bar, oak cabinetry, lovely back-splash, pantry, granite counter-tops, and sparkling stainless steel appliances. Huge master suite includes a perfectly sized walk-in closet and luxurious full bath with dual sinks, separate tub, and step-in shower. Spacious backyard with pavers is ready for your landscaping ideas. Hurry start calling 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
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,070
Property Tax -$181
Property Insurance -$75
HOA -$73
Property Management Fees -$99
CASH FLOW
$81

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.

$290,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.62%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$28,721

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
  • $1,575

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5254$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 9435 W Virginia Avenue Phoenix, 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9452 W Jamestown Road Phoenix, 2
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 9434 W Virginia Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.62
    •  
  • 9402 W Virginia Avenue Phoenix, 4
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.66
    •  
  • 9406 W Virginia Avenue Phoenix, 5
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2004
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.67
    •  
PROPERTY LISTING DETAILS
Silverio Gustavo Herrera
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119279
Last Updated: 08/25/2020
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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