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836 E Alta Vista Road 
Phoenix, AZ
85042
3 Beds 1 Baths 1,404 sqft
Built 1946
INVESTimate
$269,000
List Price
$77,035
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PROPERTY INFO
FACTS
- Built In 1946
- Price/Sqft : $191.60
- 2 Days on Market
- MLS # : 6122170
- Updated Date : 08/24/2020 at 20:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,404 sqft
- Baths : 1 full
Listing Agent
The Offer Company
Listing Agent's Description
Amazing opportunity with this one. It is 2 units. The house is 1404 sq ft and has 3 bedrooms and 1 bath along with a basement. The 2nd is about 1100 sq ft and has 2 bedrooms/1 bath. They have been recently updated and ready to move in! Rent out both or live in the main house and rent out the 2nd one for around $950. You could almost cover your mortgage payment!
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PRICE & RENT TRENDS
Neighborhood: Estrella Rancho
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estrella Rancho
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$175 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$269,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,035
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
5.33
YEARS SAVED
$17,515
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,439
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
836 E Alta Vista Road Phoenix, 2
- 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1946 3 beds 1 baths ∙ 1,404 Sqft ∙ Built 1946
- Rent
- Rent Per SQFT
- $1,300
- $0.93
-
1737 E Wier Avenue Phoenix, 1
- 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1961
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,250
- $0.98
-
1861 E Mobile Lane Phoenix, 3
- 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1956
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,345
- $1.03
-
1332 E La Salle Street Phoenix, 4
- 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,150 Sqft ∙ Built 1959
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,350
- $1.17
-
6219 S 7th Avenue Phoenix, 5
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1948
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,495
- $0.92
PROPERTY LISTING DETAILS
The Offer Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122170
Last Updated: 08/24/2020
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.
