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11216 N 33rd Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,830 sqft Built 1970

$270,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $147.54
  • 2 Days on Market
  • MLS # : 6169505
  • Updated Date : 12/12/2020 at 17:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,830 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Fantastic block home in north Phx.! Near schools, parks and shopping and less than a mile to Interstate17. New stove top and oven & dishwasher December 2020 ! Sparkling pool out back replastered & new filter in 2012! Newer double gates and a shed added just last year! The covered patio is partially screened in! Great curb appeal, Main roof is only 8 years old & patio roof was done just last year! Good paint outside but inside will need fresh paint. Fireplace in the familyroom! Indoor laundryroom! French doors to covered patio! Double sinks in bath! Mirror closet doors in master! A great property for the money!

SEE MORE

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
Lakeview Elementary School Primary Regular 576 29 4
Cholla Middle School Middle Regular 658 38 4
Moon Valley High School High Regular 1,479 70 5

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 29
4
GreatSchools Rating

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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$996
Property Tax -$161
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$251

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.

$270,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$49,027

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,5504$1,5705$1,925
$1,925
RENT COMPS ANALYSIS
  • 11216 N 33rd Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.86
    •  
  • 12425 N 30th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 3536 W Brown Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,807 Sqft ∙ Built 1971
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.84
    •  
  • 3301 W Altadena Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,713 Sqft ∙ Built 1961
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 12028 N 30th Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 1969
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.95
    •  
PROPERTY LISTING DETAILS
Mounty West
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169505
Last Updated: 12/12/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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