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9973 W Mackenzie Drive Phoenix, AZ 85037

3 Beds 2 Baths 1,189 sqft Built 1994

$262,500

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $220.77
  • 3 Days on Market
  • MLS # : 6163124
  • Updated Date : 11/20/2020 at 17:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,189 sqft
  • Baths : 2 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

WOW, this home has just completed a nice remodel and looks great! Great location and neighborhood with quick access to the 101. Home sits on a large lotwith a backyard ready for your imagination and has plenty of room to install a good size pool. New paint on inside and out. New baseboards and updated lightfixtures. Counters and kitchen appliances are updated and has the home has an awesome designer feel throughout!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kaufman and Broad at the Vineyards

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: Kaufman and Broad at the Vineyards

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7671567

* 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
Villa De Paz Elementary School Primary Regular 717 38 5
Villa De Paz Elementary School Middle Regular 717 38 5
Westview High School High Regular 2,456 94 2

Villa De Paz Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 38
5
GreatSchools Rating

Villa De Paz Elementary School

  • Education Level: Middle
  • # of students: 717
  • # of teachers: 38
5
GreatSchools Rating

Westview High School

  • Education Level: High
  • # of students: 2,456
  • # of teachers: 94
2
GreatSchools Rating
 

$236,250$288,750$262,500

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$969
Property Tax -$162
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$280

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.

$262,500

PROJECTED PRICE

$1,000

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,313

INVESTMENT

$75,313

Down Payment
$65,625
Rehab Estimate
$5,750
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,625
Loan Amount $196,875
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,442

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $945

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0953$1,175
$1,175
RENT COMPS ANALYSIS
  • 9973 W Mackenzie Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,189 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.84
    •  
  • 8956 W Indianola Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1987
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.82
    •  
  • 10435 W Pasadena Avenue Glendale, AZ 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1997
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jared A English
Congress Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163124
Last Updated: 11/20/2020
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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