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9446 W Virginia Avenue Phoenix, AZ 85037

4 Beds 3 Baths 2,461 sqft Built 2004

$319,850

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $129.97
  • 5 Days on Market
  • MLS # : 6169387
  • Updated Date : 12/09/2020 at 13:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

This move-in ready home sits on a premium lot with no backyard neighbors & has 4 bedrooms & 2.5 updated baths in 2461 SqFt. Open floor plan with living/dining/family room & upstairs loft. The kitchen has oak cabinetry, granite counters, stainless appliances, & breakfast bar. Sliding doors lead out to an extensive paver patio and private, low maintenance backyard with block fencing. Bedrooms and laundry are upstairs. The oversized master has a walk-in closet with built-in shelving, and a remodeled bath with dual sink granite vanity, new tile floors, and a huge tiled shower with rain shower and multiple showerheads. Other features include a 2 car garage, new exterior paint, tile floors throughout main floor, carpet in bedrooms, and more! Fridge, washer & dryer negotiable. See today!

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
 

$287,865$351,835$319,850

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 -$1,180
Property Tax -$200
Property Insurance -$75
HOA -$63
Property Management Fees -$99
CASH FLOW
-$17

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.

$319,850

PROJECTED PRICE

$1,600

PROJECTED RENT

0.50%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,510

INVESTMENT

$90,510

Down Payment
$79,963
Rehab Estimate
$5,750
Closing Costs
$4,798

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,963
Loan Amount $239,888
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,169

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
  • $1,581

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,6004$1,6255$1,700
$1,700
RENT COMPS ANALYSIS
  • 9446 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
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9434 W Virginia Avenue Phoenix, AZ 2
    • 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 3
    • 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
    •  
  • 9402 W Virginia Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2005
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.66
    •  
  • 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
Beth M Rider
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169387
Last Updated: 12/09/2020
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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