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1225 N 36th Street #1008 Phoenix, AZ 85008

3 Beds 3 Baths 1,586 sqft Built 2006

$314,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $198.55
  • 3 Days on Market
  • MLS # : 6170431
  • Updated Date : 12/11/2020 at 15:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,586 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Wonderful location for this full 3 bedroom, 3 bathroom condo in Phoenix. A short drive to Phoenix Sky Harbor Airport, this central location will be perfect for many buyers or travel regularly. Kitchen has granite counters and black appliances. and a separate eating/dining area. Great room and 1 bedroom & bathroom on 1st floor with the master upstairs. Gated community offers heated pool and spa with an HOA that includes water, sewer & trash pickup.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Enclave Villas Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $76k271k

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

Neighborhood: Enclave Villas Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Gateway School Primary Regular 797 39 1
Gateway School Middle Regular 797 39 1
Camelback High School High Regular 2,048 110 4

Gateway School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 39
1
GreatSchools Rating

Gateway School

  • Education Level: Middle
  • # of students: 797
  • # of teachers: 39
1
GreatSchools Rating

Camelback High School

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

$283,410$346,390$314,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,162
Property Tax -$200
Property Insurance -$58
HOA -$230
Property Management Fees -$99
CASH FLOW
-$89

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.

$314,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,205

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
  • $1,860

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9004$1,9205$1,945
$1,945
RENT COMPS ANALYSIS
  • 1225 N 36th Street #1008 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2000 N 36th Street #1 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2018
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.22
    •  
  • 1225 N 36th Street #1087 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,586 Sqft ∙ Built 2005
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
  • 2000 N 36th Street #10 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2018
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.13
    •  
  • 2000 N 36th Street #39 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.14
    •  
PROPERTY LISTING DETAILS
Barbara Smith
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170431
Last Updated: 12/11/2020
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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