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11615 N 41st Lane Phoenix, AZ 85029

4 Beds 2 Baths 1,931 sqft Built 1978

$325,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $168.31
  • 3 Days on Market
  • MLS # : 6174514
  • Updated Date : 12/26/2020 at 21:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,931 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This single-story 4BR/2BA home , is nestled in a Cul De Sac w/trendy updates. The kitchen offers granite countertops and updated cabinets opening up to the cozy family room w/wood burning fireplace. Step into the outdoor living relaxing in a gated Pebble Tec pool that sits on large lot. Side yard contains a large insulated storage shed on one side and RV gate on the other. Garage is equipped with a evap-cooler and sink. No HOA! So yes you can park that RV on your property! Act quickly, this one won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Fairwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8681567

* 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
Tumbleweed Elementary School Primary Regular 474 26 5
Tumbleweed Elementary School Middle Regular 474 26 5
Moon Valley High School High Regular 1,479 70 5

Tumbleweed Elementary School

  • Education Level: Primary
  • # of students: 474
  • # of teachers: 26
5
GreatSchools Rating

Tumbleweed Elementary School

  • Education Level: Middle
  • # of students: 474
  • # of teachers: 26
5
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,199
Property Tax -$194
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$63

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.

$325,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$30,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5753$1,5754$1,6205$1,695
$1,695
RENT COMPS ANALYSIS
  • 11615 N 41st Lane Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.84
    •  
  • 11002 N 45th Lane Glendale, AZ 1
    • 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 1973
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.88
    •  
  • 4032 W Shangri La Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 1973
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.91
    •  
  • 11815 N 42nd Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1974
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 4107 W Shangri La Road Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 1972
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sheila Hanna
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174514
Last Updated: 12/26/2020
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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