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11608 S 51st Street Phoenix, AZ 85044

3 Beds 2 Baths 2,056 sqft Built 1973

$355,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $172.67
  • 5 Days on Market
  • MLS # : 6159106
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,056 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Beautiful home on the golf course. Direct access from your golf cart garage with roller door & opener to the course. Wonderful spacious Pueblo floor plan in this lovingly cared for home. Granite Counters - Newer Roof and Appliances.-Shutters Throughout-Three full bedrooms. Dual pane windows for comfort. 15 Seer A/C 2011 -Stunning views of golf course and mountains. Extra storage in the garage with epoxy floor. Living Room with Fireplace and Formal Dining Room - Possible 2nd Master Suite - Roller Screens - Convenient location in the community. Between Elliot and Warner Roads on a charming cul-de-sac off 51st ST. Nearby Community Center is available and includes inside and outside pool and a work out facility. A delightful place to live in this 55+ community. Large Lot with Views!

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
 

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

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,310
Property Tax -$253
Property Insurance -$67
HOA -$10
Property Management Fees -$99
CASH FLOW
$111

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.

$355,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.52%

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$0.0$5.0k$10k$15k$20k

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 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$37,702

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
  • $2,097

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6993$1,8004$2,0455$2,195
$2,195
RENT COMPS ANALYSIS
  • 11608 S 51st Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,056 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11844 S 45th Street Ahwatukee, AZ 2
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.94
    •  
  • 11820 S 44th Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,814 Sqft ∙ Built 1990
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 4408 E Kiowa Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,876 Sqft ∙ Built 1991
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.09
    •  
  • 11649 S 46th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
PROPERTY LISTING DETAILS
Michele M Edison
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159106
Last Updated: 11/13/2020
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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