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1225 N 36th Street #2099 Phoenix, AZ 85008

2 Beds 2 Baths 1,206 sqft Built 2005

$245,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $203.15
  • 4 Days on Market
  • MLS # : 6169557
  • Updated Date : 12/09/2020 at 18:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,206 sqft
  • Baths : 2 full
Listing Agent

Occasio Realty

Listing Agent's Description

Great 2 bed / 2 bath with comfortable surroundings. Open great room with high ceilings and a large master suite. The kitchen features an island with breakfast bar and large pantry. Balcony off the dining area, open the sliding door for a nice breeze. Reserved parking space, single car garage & direct entry inside the town home. Great location in the community. Beautifully updated white cabinets and new carpet! Easy walk to the pool! Dog park is located in the back of the subdivision, along with picnic tables and nice common area to enjoy. Great location for freeway access to anywhere!

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
 

$220,500$269,500$245,000

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 -$904
Property Tax -$155
Property Insurance -$51
HOA -$230
Property Management Fees -$99
CASH FLOW
-$59

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.

$245,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.56%

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$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$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$9,749

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
  • $1,372

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,3904$1,4005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1225 N 36th Street #2099 Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1225 N 36th Street #2107 Phoenix, AZ 2
    • 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 #2065 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,206 Sqft ∙ Built 2006
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.15
    •  
  • 1225 N 36th Street #2019 Phoenix, AZ 4
    • 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 #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
Jason Fadler
Occasio Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169557
Last Updated: 12/09/2020
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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