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1227 E Topeka Drive 
Phoenix, AZ
85024
2 Beds 2 Baths 1,032 sqft
Built 1985
INVESTimate
$259,000
List Price
$74,385
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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $250.97
- 2 Days on Market
- MLS # : 6120311
- Updated Date : 08/25/2020 at 19:01
CONSTRUCTION
- Beds : 2
- Floor Size : 1,032 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
Beautiful 2 bed/2 bath home with great upgrades available in highly sought after north Phoenix neighborhood. Excellent location, just minutes from the Loop 101, the 51, shopping, restaurants and within the desirable Paradise Valley School District. Must see interior is sure to impress. Spacious open concept living and dining areas feature soaring vaulted ceilings and gorgeous wood look flooring. Custom two tone paint throughout. Stylish kitchen with crisp white cabinetry. Bedrooms are generously sized and the master includes a 3/4 ensuite with an oversize shower. Huge backyard offers plenty of room for pets, play, entertaining, or even a pool. A perfect spot to create the outdoor space of your dreams. This gem will sell fast. Don't miss it. 72Hour Home Sale-Call for details
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PRICE & RENT TRENDS
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,220 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$163 | |
| Property Insurance | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$259,000
PROJECTED PRICE
$1,220
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.85% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
5
YEARS SAVED
$15,285
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
-
$1,218
COMP ESTIMATED VALUE -
$1.18
COMP AVG. RENT PER SQFT
Comps Range
-
1227 E Topeka Drive Phoenix, 1
- 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,032 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $0
- $0.00
-
19601 N 7th Street #1059 Phoenix, 2
- 2 beds 2 baths ∙ 817 Sqft ∙ Built 1985 2 beds 2 baths ∙ 817 Sqft ∙ Built 1985
LEASED 06/21/19- Rent
- Rent Per SQFT
- $950
- $1.16
-
1037 E Villa Maria Drive Phoenix, 3
- 2 beds 2 baths ∙ 1,097 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,097 Sqft ∙ Built 1984
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,300
- $1.19
-
1038 E Michigan Avenue Phoenix, 4
- 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,146 Sqft ∙ Built 1985
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,395
- $1.22
-
1015 E Charleston Avenue Phoenix, 5
- 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,214 Sqft ∙ Built 1983
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,400
- $1.15
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6120311
Last Updated: 08/25/2020
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.
