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11411 N 33rd Avenue Phoenix, AZ 85029

4 Beds 2 Baths 1,729 sqft Built 2014

$355,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $205.32
  • 3 Days on Market
  • MLS # : 6198390
  • Updated Date : 03/13/2021 at 19:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,729 sqft
  • Baths : 1 full , 1 half
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

Central Phoenix home LESS THAN 8 YEARS OLD! No need to worry about replacing the roof or HVAC or about major plumbing repairs. Not only that, this home has just been freshly painted inside and out! New wood-look tile floors in the great room. Travertine tile in the hallway and bedrooms. Vaulted ceilings with crown molding throughout. Kitchen has dark wood cabinets with gorgeous granite countertops. You will love cooking on the Samsung 5-burner professional gas range! Huge walk-in pantry and indoor laundry. Expansive pavered patio and always-green artificial turf for entertaining. The home comes with refrigerator, washer and dryer and is ready for you to move in!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
 

$319,500$390,500$355,000

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 -$1,233
Property Tax -$212
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$35

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$355,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,351

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
  • $0.91

    LIST RENT PER SQFT
  • $1,651

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,4253$1,570
$1,570
RENT COMPS ANALYSIS
  • 11411 N 33rd Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,729 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.91
    •  
  • 1716 W Cortez Street #150 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,460 Sqft ∙ Built 2001
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.92
    •  
  • 4120 W Wethersfield Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1995
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.99
    •  
PROPERTY LISTING DETAILS
David Burnett
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198390
Last Updated: 03/13/2021
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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