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10005 N 36th Avenue Phoenix, AZ 85051

3 Beds 2 Baths 1,637 sqft Built 1970

$309,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $188.76
  • 3 Days on Market
  • MLS # : 6186592
  • Updated Date : 01/30/2021 at 20:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,637 sqft
  • Baths : 1 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Check me out!! This home is large 3bed 2bath with a deep rear yard with a huge covered patio, large grassy area and a pool! Brand new RV gate. This home has a lot to offer! The kitchen has an ample amount of cabinet space and features a gas stove! The bedrooms are the perfect size as well as the living areas. Leased solar makes this energy bill very low. NO HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Continental Meadows North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Continental Meadows North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Cholla Middle School Middle Regular 658 38 4
Cortez High School High Regular 1,127 55 4

Cholla Middle School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 38
4
GreatSchools Rating

Cortez High School

  • Education Level: High
  • # of students: 1,127
  • # of teachers: 55
4
GreatSchools Rating
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$1,073
Property Tax -$196
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$188

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$309,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,073

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,383

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,4653$1,5254$1,5455$1,649
$1,649
RENT COMPS ANALYSIS
  • 10005 N 36th Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.76
    •  
  • 3828 W Mission Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.83
    •  
  • 3536 W Brown Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 3501 W Ironwood Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1971
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.84
    •  
  • 3649 W Beryl Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1968
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.87
    •  
PROPERTY LISTING DETAILS
Staci Smedstad
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186592
Last Updated: 01/30/2021
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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