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1225 N 36th Street #1021 Phoenix, AZ 85008

2 Beds 2 Baths 1,385 sqft Built 2006

$275,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $198.56
  • 4 Days on Market
  • MLS # : 6156741
  • Updated Date : 11/06/2020 at 10:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,385 sqft
  • Baths : 2 full
Listing Agent

Posh Properties

Listing Agent's Description

Convenient East Phoenix living close to freeways, restaurants, & shopping. This clean & well-cared for unit is being sold by its original owner. 2 bedrooms; 2 bathrooms; 2 car garage. In additional to the downstairs living area, the upstairs features a large loft area. Corner unit with only one common wall sits in a quiet location away from the street with no neighboring building. Gated complex has a pool, spa, & it's own dog park for residents & their pups to enjoy.

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,015
Property Tax -$174
Property Insurance -$54
HOA -$230
Property Management Fees -$99
CASH FLOW
-$192

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.

$275,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.50%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,541

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3803$1,4004$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 1225 N 36th Street #1021 Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.00
    •  
  • 1225 N 36th Street #2107 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.12
    •  
  • 1225 N 36th Street #2019 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 1225 N 36th Street #1015 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 1225 N 36th Street #1104 Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kristie F. Hudson
Posh Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156741
Last Updated: 11/06/2020
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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