Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1137 E Northview Avenue Phoenix, AZ 85020

3 Beds 3 Baths 1,775 sqft Built 1953

$579,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1953
  • Price/Sqft : $326.20
  • 2 Days on Market
  • MLS # : 6160644
  • Updated Date : 11/14/2020 at 17:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Updated Ralph Haver in Central Phoenix! An entertainer's delight featuring an open floor plan that flows through sliding glass doors to an outdoor patio, pool, lawn and seating areas. Enjoy the ambiance of the built-in natural gas fire pit and raised garden. The backyard is truly an oasis in the desert. Newly remodeled pool and decking; energy efficient variable speed pool pump; tankless water heater; near the canal multi-use path; kitchen wall is the perfect Zoom background! Furniture is for sale!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Madison Simis Elementary School Primary Regular 951 43 9
Madison Meadows Middle School Middle Regular 845 40 8
North High School High Regular 2,616 128 5

Madison Simis Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 43
9
GreatSchools Rating

Madison Meadows Middle School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 40
8
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating
 

$521,100$636,900$579,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$2,136
Property Tax -$416
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$493

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.

$579,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$6,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,285

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2504$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 1137 E Northview Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1953 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 1953
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7036 N 15th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1951
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.33
    •  
  • 727 E Palmaire Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1972
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.17
    •  
  • 838 E Belmont Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,918 Sqft ∙ Built 1954
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.30
    •  
  • 1248 E Gardenia Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1961
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.35
    •  
PROPERTY LISTING DETAILS
Carole Hewitt
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160644
Last Updated: 11/14/2020
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.

BESbswy