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9638 N 1st Street Phoenix, AZ 85020

3 Beds 2 Baths 1,396 sqft Built 1946

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1946
  • Price/Sqft : $204.15
  • 2 Days on Market
  • MLS # : 6206923
  • Updated Date : 03/13/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,396 sqft
  • Baths : 2 full
Listing Agent

Prestige Realty

Listing Agent's Description

Amazing starter home request showing and submit offer quick will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Upshaw Desert Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Upshaw Desert Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7361567

* 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
Sunnyslope High School High Regular 2,064 88 6

Sunnyslope High School

  • Education Level: High
  • # of students: 2,064
  • # of teachers: 88
6
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$990
Property Tax -$170
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
$277

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$44,946

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
  • $1,710

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5504$1,6005$1,950
$1,950
RENT COMPS ANALYSIS
  • 9638 N 1st Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1946
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9510 N 2nd Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1946 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1946
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.17
    •  
  • 15 W Mission Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1948
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
  • 9862 N 1st Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1959
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.30
    •  
  • 9424 N 6th Avenue Phoenix, AZ 5
    • 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,525 Sqft ∙ Built 1950
    property image
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.28
    •  
PROPERTY LISTING DETAILS
Alex Wilkins
Prestige Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206923
Last Updated: 03/13/2021
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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