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9622 N 26th Place Phoenix, AZ 85028

5 Beds 3 Baths 2,622 sqft Built 1978

$630,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $240.27
  • 3 Days on Market
  • MLS # : 6188887
  • Updated Date : 02/12/2021 at 17:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,622 sqft
  • Baths : 3 full
Listing Agent

The Brokery

Listing Agent's Description

Welcome to this spacious 4 bedroom 2 bathroom home with an attached guest casita that features a private entrance, kitchenette, updated interior and beautiful marble looking ceramic tiled bathroom. This is the perfect opportunity for short-term rental income, a multi-generational family seeking privacy, or someone looking for a quiet work-from-home office space. In the main house, you'll find vaulted ceilings, an open concept, clean tile flooring, a beautiful two-way fireplace, and plantation shutters. The spacious kitchen is designed with white shaker style cabinetry, ample storage space, marble island, and sleek stainless steel appliances, and 2 dishwashers for easy cleanup.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Squaw Peak Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k556k

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

Neighborhood: Squaw Peak Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342714

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,188
Property Tax -$397
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$412

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.

$630,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,742

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
  • $2,543

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,5004$2,7955$2,900
$2,900
RENT COMPS ANALYSIS
  • 9622 N 26th Place Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 1978 5 beds 3 baths ∙ 2,622 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9049 N Arroya Grande Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,755 Sqft ∙ Built 1972
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 2265 E Becker Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,528 Sqft ∙ Built 1974
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 10626 N 41st Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,867 Sqft ∙ Built 1972
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.97
    •  
  • 10625 N 25th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,535 Sqft ∙ Built 1972
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.14
    •  
PROPERTY LISTING DETAILS
Liz Dains
The Brokery
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188887
Last Updated: 02/12/2021
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.

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