Owner
$1,133,212
40 W STATE AVE, PHOENIX, AZ
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
Yes
beds
0
baths
3
sq. ft.
2,930
property type
Single Family Residential
hoa
No
About
Residential
Building Quality B
Average Condition
Living Area
Garage
1 Story
Forced Air Unit
Pool (Yes)
Concrete Block
Refrigeration
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1953
Building Size
2,930 sq ft
Lot Size
13,760 sq ft
Lot Size (Acres)
0.32 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
160-35-010
County
Maricopa County, AZ
Metro Area
Phoenix-Mesa-Chandler, AZ
Zoning
R-10
Neighborhood/Subdivision
TOWN & COUNTRY GROVES
Lot Number
4
School District
Madison Elementary District
Legal Description
TOWN & COUNTRY GROVES MCR 55/29 LOT 4 & ALSO THAT PT OF S2 OF ABAND ALLEY LY N OF SD LOT
Tax & Value Information
Market Value (Total)
$887,800
Building Value
$710,300
Land Value
$177,500
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$51,815
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
12/13/1993
Sales Document #
1993.870262
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$43,849
Return on Investment
15.60%
After Repair Value
$1,246,533
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$1,019,891
Renovation Cost
$56,661
Closing Costs (buying)
$20,398
Holding Costs
$30,943
Selling Costs
$74,792
Total Investment
$281,037
After Repair Value (ARV)
$1,246,533
Total Costs
$1,202,684
Estimated Profit
$43,849
Cash Invested
$260,639
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area