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11425 S Pawnee Circle Phoenix, AZ 85044

2 Beds 2 Baths 1,625 sqft Built 1977

$311,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $191.38
  • 5 Days on Market
  • MLS # : 6161144
  • Updated Date : 11/21/2020 at 10:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

Provident Partners Realty

Listing Agent's Description

NOTE; This is a 55 and older communityWell maintained 2 bedroom, 2 bath in sought after 55 plus community. Open plan kitchen with extended breakfast bar. Bright family room with brick fireplace leading into large sun room. Plantation shutters throughout whole property. Spacious master bedroom, second bedroom has walk in closet. 2 car extended depth garage with cabinet storage and laundry. 10' RV Gate with concrete slab behind with 2 storage sheds. Beautifully maintained back and front yard. Recent updates include AC / Water Heater replaced in 2015, New vinyl windows installed in 2015! Use of the Ahwatukee Rec Center, facilities include indoor pool, full gym, and fully equipped woodshop.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$279,900$342,100$311,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$1,147
Property Tax -$221
Property Insurance -$55
HOA -$6
Property Management Fees -$99
CASH FLOW
-$178

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.

$311,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,165

INVESTMENT

$88,165

Down Payment
$77,750
Rehab Estimate
$5,750
Closing Costs
$4,665

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,147

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,750
Loan Amount $233,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,532

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
  • $1,350

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3754$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 11425 S Pawnee Circle Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,406 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,406 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5203 E Half Moon Drive Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.01
    •  
  • 4908 E Magic Stone Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977 2 beds 2 baths ∙ 1,532 Sqft ∙ Built 1977
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 4740 E Ahwatukee Drive Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 11250 S Shoshoni Drive Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
PROPERTY LISTING DETAILS
James D Sparks
Provident Partners Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161144
Last Updated: 11/21/2020
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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