Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12617 N 34th Street Phoenix, AZ 85032

3 Beds 2 Baths 1,676 sqft Built 1974

$359,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $214.74
  • 3 Days on Market
  • MLS # : 6181221
  • Updated Date : 01/15/2021 at 23:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,676 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Well maintained home in established North Phoenix neighborhood. This home has 3 bedrooms, 2 baths and a private pool. Close to Paradise Valley Mall and Roadrunner Park. Bike paths, tennis courts, and park all within walking distance. Come see this charming home and make it your own.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Melrose Park Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k288k

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

Neighborhood: Melrose Park Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341599

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,250
Property Tax -$227
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$234

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.

$359,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$44,968

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,865

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8254$1,8705$1,995
$1,995
RENT COMPS ANALYSIS
  • 12617 N 34th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.12
    •  
  • 12617 N 34th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
  • 3407 E Sweetwater Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.08
    •  
  • 12215 N 36th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1972
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.16
    •  
  • 12615 N 35th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1974
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.23
    •  
PROPERTY LISTING DETAILS
Rick Johns
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181221
Last Updated: 01/15/2021
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.

BESbswy