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9533 W Minnezona Avenue Phoenix, AZ 85037

3 Beds 2 Baths 1,911 sqft Built 2001

$295,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $154.37
  • 3 Days on Market
  • MLS # : 6165412
  • Updated Date : 11/28/2020 at 10:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 2 full
Listing Agent

Equity Realty Group, Llc

Listing Agent's Description

Gorgeous home just hit the market! This beautiful remodel consists of 3 beds 2 baths, living/great rooms Beautifully remodeled white kitchen with stainless steel appliances and granite countertops. spacious dining area with Island. Good size back yard with a covered patio. Minutes from shopping/dining spots, Loop 101, I10 and much more. Don't sleep on this one! Make it yours for the holidays!!!

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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,088
Property Tax -$182
Property Insurance -$64
HOA -$17
Property Management Fees -$99
CASH FLOW
-$62

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.

$295,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3903$1,6004$1,6255$1,650
$1,650
RENT COMPS ANALYSIS
  • 9533 W Minnezona Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.73
    •  
  • 9233 W Mackenzie Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,724 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.80
    •  
  • 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
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 9430 W Elm Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 1999
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.80
    •  
  • 9919 W Meadowbrook Avenue #0 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 1987
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
PROPERTY LISTING DETAILS
Edwin Benavides
Equity Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165412
Last Updated: 11/28/2020
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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