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11449 N 30th Avenue Phoenix, AZ 85029

2 Beds 3 Baths 1,548 sqft Built 1976

$290,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $187.34
  • 3 Days on Market
  • MLS # : 6181076
  • Updated Date : 01/14/2021 at 23:21
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

You don't want to miss this cute, newly painted, newly carpeted home in Goldwater Lakes - an adorable lake community with tennis courts, a pool, and a 1/4 mile from shopping and restaurants. Home has a rustic feel to it with beautiful wood beams adorning the vaulted ceiling. The sunken living room with beautiful fireplace welcomes you to settle in and kick up your feet. Back patio is large and backs to a green space giving you lots of space for backyard fun. This home boasts 2 master bedrooms, an eat-in kitchen and gorgeous oversized windows that bring in all the natural light you could want. Refrigerator, washer, dryer included. Come see it today and make it yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lake Biltmore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Lake Biltmore Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8521567

* 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,007
Property Tax -$173
Property Insurance -$57
HOA -$127
Property Management Fees -$99
CASH FLOW
-$154

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.

$290,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$5,874

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,310
1$1,310
$1,310
RENT COMPS ANALYSIS
  • 11449 N 30th Avenue Phoenix, AZ
    • 2 beds 3 baths ∙ 1,548 Sqft ∙ Built 1976 2 beds 3 baths ∙ 1,548 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.85
    •  
PROPERTY LISTING DETAILS
Christine Bingold
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181076
Last Updated: 01/14/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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