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11602 S Mandan Street Phoenix, AZ 85044

3 Beds 2 Baths 1,719 sqft Built 1980

$439,500

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $255.67
  • 2 Days on Market
  • MLS # : 6207093
  • Updated Date : 03/13/2021 at 22:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Midland Real Estate Alliance

Listing Agent's Description

Beautifully renovated 3 bedroom + den, 2 bathroom, oversized 2 car garage home that backs up to the South Mountain Preserve. There are beautiful views of South Mountain and the desert classic trail. All this plus right in the heart of Ahwatukee only a quick walk to restaurants, shopping and lots more. This complete remodel inside includes all new stainless steel kitchen appliances, wood plank laminate flooring and all new paint throughout. The exterior has fresh paint and the garage is completely finished. Check out the nice oversized front and rear yards, The backyard landscaping includes artificial turf and desert xeriscaping in the front yard. This home is in the perfect location and has many beautiful custom finishes and designs. Thank you for viewing!

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
 

$395,550$483,450$439,500

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,527
Property Tax -$313
Property Insurance -$61
HOA -$2
Property Management Fees -$99
CASH FLOW
-$411

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.

$439,500

PROJECTED PRICE

$1,590

PROJECTED RENT

0.36%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,218

INVESTMENT

$122,218

Down Payment
$109,875
Rehab Estimate
$5,750
Closing Costs
$6,593

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,527

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,875
Loan Amount $329,625
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,444

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
  • $1,934

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$2,0454$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 11602 S Mandan Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11820 S 44th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 4408 E Kiowa Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1991
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.09
    •  
  • 4327 E Sequoia Trail Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1979
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.20
    •  
  • 11207 S Bannock Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,724 Sqft ∙ Built 1978
    property image
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.22
    •  
PROPERTY LISTING DETAILS
Karl Tunberg
Midland Real Estate Alliance
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207093
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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