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12617 N 39th Way Phoenix, AZ 85032

4 Beds 2 Baths 1,892 sqft Built 1979

$415,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $219.34
  • 3 Days on Market
  • MLS # : 6187044
  • Updated Date : 01/29/2021 at 20:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,892 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Highly desirable community with no HOA! You will love this single level home with many beautiful updates including remodeled bathrooms, newly refinished white cabinets, corian countertops, stainless steel appliances, NEW wood looking tile and NEW interior paint throughout. A ceiling fan in all the rooms and energy star windows make this home both beautiful and comfortable. Outside you will find a covered patio with ceiling fans and large grass area perfect for the whole family. Additional features include BONUS detached Garage with electricity, Newer 5 ton Trane AC Unit, owned water softener, NEW Water Heater and new roof. Did I mention the Gorgeous Mountain Views and it is close to the 51 and shopping. This home has it ALL.

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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,441
Property Tax -$261
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$64

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.

$415,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.47%

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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$31,154

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
  • $2,081

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$2,0004$2,0495$2,300
$2,300
RENT COMPS ANALYSIS
  • 12617 N 39th Way Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,892 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 12617 N 34th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
  • 3702 E Shaw Butte Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1962
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 3770 E Pershing Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1972
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $1.06
    •  
  • 3634 E Charter Oak Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 1974
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.28
    •  
PROPERTY LISTING DETAILS
Adam Lee
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187044
Last Updated: 01/29/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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