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11608 N 32nd Place Phoenix, AZ 85028

3 Beds 2 Baths 1,532 sqft Built 1974

$540,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $352.48
  • 4 Days on Market
  • MLS # : 6211461
  • Updated Date : 03/24/2021 at 22:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,532 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Newly renovated and freshly landscaped, this 3 bdrm/2 ba home awaits you! Enter into a spacious great room, anchored by a beautifully updated kitchen w/granite center island/counters and quartz sink. Large kitchen window overlooks an amazing backyard,tastefully landscaped w/putting green, fire pit, newly tiled patio w/pergola, and fenced-in diving salt water pool - patio furniture included! Guest bdrms and master bdrm are spacious and inviting. Fully renovated master bath features a true walk-in, curbless shower w/dual sink vanity! Laundry room includes a deep sink, washer/dryer, and updated cabinetry. Garage offers a workshop/storage area w/ access to the back yard, a second fridge, and new WiFi garage door opener system. HAVC unit installed 2020/Owned Solar System.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$486,000$594,000$540,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,876
Property Tax -$340
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$402

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.

$540,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $1,965

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8953$1,9004$1,9705$2,000
$2,000
RENT COMPS ANALYSIS
  • 11608 N 32nd Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.29
    •  
  • 3021 E Cholla Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1960
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
  • 3422 E Altadena Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,513 Sqft ∙ Built 1971
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
  • 3212 E Laurel Lane Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1994
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.37
    •  
  • 3238 E Poinsettia Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1974
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.36
    •  
PROPERTY LISTING DETAILS
Jesus Pino Perez
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211461
Last Updated: 03/24/2021
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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