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12607 N 39th Way Phoenix, AZ 85032

3 Beds 2 Baths 1,622 sqft Built 1979

$325,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $200.37
  • 3 Days on Market
  • MLS # : 6157051
  • Updated Date : 11/06/2020 at 12:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,622 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

WOW! Welcoming travertine tile & fireplace greets you as you enter this beautifully upgraded, spacious home. Open & bright floor plan, 16 in travertine t/o. Spectacular kitchen features stainless appliances & gleaming granite counters, attractive backsplash with bay window in breakfast nook. Sliding door opens to pretty backyard with green grass to run & play & pavers to enjoy. All block wall privacy. Owners Room with sitting room with sliding door to backyard. Owners remodeled bath features tiled shower, dual sink vanity & private water closet.. Guest bath also remodeled with upgraded vanity, tiled shower. Other 2 bedrooms split floorplan. Inside laundry rm. Great location just minutes to every thing, Lots of room to run & play. PV schools, close to freeways, shopping & dining!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pleasant Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Pleasant Valley Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Desert Cove Elementary School Primary Regular 523 37 6
Desert Cove Elementary School Middle Regular 523 37 6
Shadow Mountain High School High Regular 1,390 67 3

Desert Cove Elementary School

  • Education Level: Primary
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Desert Cove Elementary School

  • Education Level: Middle
  • # of students: 523
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,199
Property Tax -$205
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$158

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.

$325,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$41,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,7203$1,8504$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 12607 N 39th Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $1.06
    •  
  • 13248 N 38th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.10
    •  
  • 12728 N 40th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.11
    •  
  • 3638 E Marmora Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,596 Sqft ∙ Built 1979
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.22
    •  
  • 3914 E Surrey Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 1973
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.24
    •  
PROPERTY LISTING DETAILS
Andrea M Crouch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157051
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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