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10662 N 32nd Drive Phoenix, AZ 85029

4 Beds 2 Baths 2,154 sqft Built 1967

$330,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $153.20
  • 4 Days on Market
  • MLS # : 6202163
  • Updated Date : 03/07/2021 at 03:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,154 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to this beautiful 4 bedroom block home. This property offers a fully updated kitchen, gas fireplace, tons of storage space, bedroom 3 & 4 are uniquely adjoined by a built-in wood partition that can be opened as a jack and jill room for the kids or be shut and have absolute privacy! The garage has been enclosed but can easily be converted back. There is a large detached 2 car garage or workshop with covered porch and electricity in the oversized cul de sac lot with back entrance access from the alleyway. This home boasts pride of ownership throughout! A true must see!

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PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Moon Valley High School High Regular 1,479 70 5

Cholla Middle School

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

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,146
Property Tax -$197
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$129

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.

$330,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$32,162

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6403$1,6494$1,9255$2,000
$2,000
RENT COMPS ANALYSIS
  • 10662 N 32nd Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1967 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.76
    •  
  • 3536 W Brown Street Phoenix, AZ 1
    • 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
    •  
  • 3649 W Beryl Avenue Phoenix, AZ 3
    • 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
    •  
  • 12028 N 30th Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.95
    •  
  • 3826 W Dalphin Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 1972
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jami Lynn Byrne
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202163
Last Updated: 03/07/2021
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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