1529 E Monroe St
Phoenix, AZ 85034
Beds / Baths
3 / 2.0
Square Feet
1,232
Lot Size
7,000 SF
Year Built
1950
Stories
1
Garage
0 car
Pool
Yes
Submarket
Downtown
Recon Report
Current Price
$374,900
After Repair Value
$533,594
Price per SF
$304
Avg PSF Post Renovation
$433
Downtown submarket average
Opportunity Indicators ?
96 Days on Market
Pass
$9,662 estimated loss · -6.8% annualized ROI
What looks good
📅
Listed 96 days — seller likely motivated
💰
Priced 30% below estimated ARV
📉
Price/SF is 30% below submarket average
Watch out for
⚠️
No comparable sales found — ARV estimate is uncertain
🔴
Estimated loss of $9,662 at current assumptions
🚩
Deal economics do not support a flip at current pricing
Why this estimate could be wrong
ARV is estimated from 5 comparable sales — actual value depends on property condition, updates, and buyer demand at time of sale.
Rehab costs use a market-average $/SF assumption. Actual costs depend on scope of work, contractor pricing, permits, and unforeseen issues (foundation, roof, mold, etc).
Projected sale price assumes current market conditions hold through rehab and listing. Interest rate changes, seasonal shifts, or local market moves could affect the exit price.
This analysis cannot account for property-specific issues only discoverable through inspection: structural problems, environmental hazards, title issues, or zoning restrictions.
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Net Profit
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Comparable Sales
Estimated ARV (Based on 5 Comps)
$360,000
| Address | Sale Price | Beds/Baths | Sq Ft | $/SF | Similarity | Sale Date |
|---|---|---|---|---|---|---|
| 1506 E Monroe St Phoenix, 85034 |
$399,500 | None/None | 1,221 | $327 | 99.6% | 10/06/2025 |
| 2828 E Adams St Phoenix, 85034 |
$376,000 | None/None | 1,265 | $297 | 98.7% | 06/09/2025 |
| 632 S 8TH ST, PHOENIX, AZ 85034 PHOENIX, 85034 |
$160,000 | None/2.0 | 1,154 | $139 | 96.6% | 07/16/2024 |
| 1208 E Hess Ave Phoenix, 85034 |
$350,000 | 3/2.0 | 1,132 | $309 | 95.9% | 07/03/2025 |
| 2848 E ADAMS ST, PHOENIX, AZ 85034 PHOENIX, 85034 |
$360,000 | None/2.0 | 1,360 | $265 | 94.2% | 03/06/2025 |
FlipTarget Score Breakdown
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Score
FlipTarget Score
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