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1225 N 36th Street #2085 # 2085 Phoenix, AZ 85008

2 Beds 2 Baths 1,206 sqft Built 2005

INVESTimate

$279,000

List Price

$1,290

$1,161 - $1,419

Rent Est.

$303,440  ( +8.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $231.34
  • 6 Days on Market
  • MLS # : 6120553
  • Updated Date : 08/21/2020 at 09:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,206 sqft
  • Baths : 2 full
Listing Agent

Urban Blue Realty, Llc

Listing Agent's Description

LOCATION x3! Here's your chance to live in the sought after gated Enclave Villas, where location meets the working class for comfortable contemporary living. This spacious townhome has modern updates like upgraded flooring with graphic cement tile, dark wood laminate planks and concrete-like tile. Oil-rubbed bronze door hardware, ceiling fans, recessed lighting, matte black kitchen faucet, 10 ft ceilings, 6'' baseboards and newer contemporary faucets in both custom remodeled bathrooms. The master bedroom has a large glass shower with dual sinks and a walk-in closet. Amenities in the community include a heated pool, heated spa, and a dog park. Minutes from popular restaurants, Sky Harbor Airport, Arcadia, Biltmore, downtown Phoenix, Scottsdale, and freeway access. Here is where you belong.

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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,029
Property Tax -$177
Property Insurance -$51
HOA -$230
Property Management Fees -$99
CASH FLOW
-$296

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.

$279,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.76%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$776

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
  • $1,360

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9893$1,3504$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1225 N 36th Street #2085 Phoenix, 1
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4211 E Palm Lane #105 Phoenix, 2
    • 2 beds 2 baths ∙ 893 Sqft ∙ Built 1985 2 beds 2 baths ∙ 893 Sqft ∙ Built 1985
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $989
    • $1.11
    •  
  • 1225 N 36th Street #2107 Phoenix, 3
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.12
    •  
  • 1225 N 36th Street #2019 Phoenix, 4
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006
    property image
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.16
    •  
  • 1225 N 36th Street #1104 Phoenix, 5
    • 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
PROPERTY LISTING DETAILS
Bevla Reeves
Urban Blue Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120553
Last Updated: 08/21/2020
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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