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12645 N 30th Avenue Phoenix, AZ 85029

3 Beds 2 Baths 1,442 sqft Built 1959

$279,000

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1959
  • Price/Sqft : $193.48
  • 5 Days on Market
  • MLS # : 6161749
  • Updated Date : 11/18/2020 at 13:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,442 sqft
  • Baths : 1 full , 1 half
Listing Agent

Colonial Realty, Llc

Listing Agent's Description

Beautiful remodeled home ready to move in. With new kitchen cabinets, back splash, sink, faucet, counter tops, new light fixtures, stove, microwave, and dishwasher, new Flooring, carpet in bedrooms, new baseboard, new electrical wiring throughout the house, new outlets and switches, new paint inside, remodeled bathrooms, and more. This house looks really clean and nice.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: Westown

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8061567

* 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
Sahuaro Elementary School Primary Regular 599 29 5
Sahuaro Elementary School Middle Regular 599 29 5
Moon Valley High School High Regular 1,479 70 5

Sahuaro Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 29
5
GreatSchools Rating

Sahuaro Elementary School

  • Education Level: Middle
  • # of students: 599
  • # of teachers: 29
5
GreatSchools Rating

Moon Valley High School

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 70
5
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$1,029
Property Tax -$166
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$140

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.

$279,000

PROJECTED PRICE

$1,210

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,337

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2103$1,3374$1,3855$1,395
$1,395
RENT COMPS ANALYSIS
  • 12645 N 30th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1959
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.84
    •  
  • 3108 W Larkspur Drive W Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1960
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.89
    •  
  • 3213 W Redfield Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1964
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,337
    • $0.95
    •  
  • 3150 W Willow Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1961
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $0.96
    •  
  • 3420 W Laurel Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1961
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ericks R Lopez
Colonial Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161749
Last Updated: 11/18/2020
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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