Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1201 N 43rd Place Phoenix, AZ 85008

3 Beds 1 Baths 899 sqft Built 1954

$199,995

List Price

$950

$855 - $1K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1954
  • Price/Sqft : $222.46
  • 6 Days on Market
  • MLS # : 6166199
  • Updated Date : 12/01/2020 at 10:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 899 sqft
  • Baths : 1 full
Listing Agent

Pivotal Real Estate Solutions, Llc

Listing Agent's Description

LOWEST PRICED HOUSE IN CENTRAL PHOENIX! HURRY, HURRY, HURRY!!! 3 Beds, I bath centrally located close to ASU, Tempe, Scottsdale, local schools, shopping, freeway and more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Balsz Elementary School Primary Regular 897 47 3
Balsz Elementary School Middle Regular 897 47 3
Camelback High School High Regular 2,048 110 4

Balsz Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 47
3
GreatSchools Rating

Balsz Elementary School

  • Education Level: Middle
  • # of students: 897
  • # of teachers: 47
3
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$179,996$219,995$199,995

PURCHASE PRICE

$855$1,045$950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $950
EXPENSES Loan Payment -$738
Property Tax -$118
Property Insurance -$45
Property Management Fees -$99
CASH FLOW
-$50

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.

$199,995

PROJECTED PRICE

$950

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,749

INVESTMENT

$58,749

Down Payment
$49,999
Rehab Estimate
$5,750
Closing Costs
$3,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,999
Loan Amount $149,996
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$10,692

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
  • $1,007

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,395
$1,395
RENT COMPS ANALYSIS
  • 1201 N 43rd Place Phoenix, AZ 1
    • 3 beds 1 baths ∙ 899 Sqft ∙ Built 1954 3 beds 1 baths ∙ 899 Sqft ∙ Built 1954
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3407 E Yale Street Phoenix, AZ 2
    • 3 beds 1 baths ∙ 1,036 Sqft ∙ Built 1949 3 beds 1 baths ∙ 1,036 Sqft ∙ Built 1949
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.11
    •  
  • 2448 N 38th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,237 Sqft ∙ Built 1955
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
PROPERTY LISTING DETAILS
Byron Applegate
Pivotal Real Estate Solutions, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166199
Last Updated: 12/01/2020
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.

BESbswy