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11814 S 46th Street Phoenix, AZ 85044

5 Beds 3 Baths 2,399 sqft Built 1990

$429,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $179.20
  • 2 Days on Market
  • MLS # : 6163576
  • Updated Date : 11/21/2020 at 12:47
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,399 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

This is a home we know you're going to simply love. Fantastic location literally just a couple minutes from the I-10, US-60, and the 202. Open floor plan with separate living & family rooms. Spacious bedrooms in this split floor plan. Your new kitchen has upgraded cabinets with lots of storage space, walk in pantry, granite counter tops, breakfast room, and a breakfast bar. Master suite has balcony to overlook the beautiful back yard. Ideal starter home if you're a first time buyer. If you're an investor it would also make a great rental. Either way you don't want to miss out on this fantastic home. Hurry and come take a look before it's gone. You won't be disappointed. Thanks for stopping in.

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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,586
Property Tax -$306
Property Insurance -$74
HOA -$2
Property Management Fees -$99
CASH FLOW
-$17

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.

$429,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.48%

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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$29,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$2,0003$2,0504$2,0605$2,195
$2,195
RENT COMPS ANALYSIS
  • 11814 S 46th Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,399 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,399 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.85
    •  
  • 4401 E Hopi Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 1990
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.84
    •  
  • 13216 S 40th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,232 Sqft ∙ Built 1987
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.90
    •  
  • 13401 S 40th Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 1986
    LEASED 06/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.00
    •  
  • 13402 S 38th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 1988
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.00
    •  
PROPERTY LISTING DETAILS
Stacey Culver
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163576
Last Updated: 11/21/2020
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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