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13028 N 42nd Street Phoenix, AZ 85032

3 Beds 2 Baths 1,240 sqft Built 1976

$353,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $285.40
  • 5 Days on Market
  • MLS # : 6153293
  • Updated Date : 11/13/2020 at 12:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 2 full
Listing Agent

Capstone Realty Professionals

Listing Agent's Description

Gorgeous 3 bedroom, 2 bath renovated home with an RV gate only minutes from PV Mall! Granite counters tops, stainless steel appliances, beautiful walk in glass master shower, ceiling fans throughout, and tile in all the living areas. DETACHED SEPARATE guest quarters complete with a closet, concrete stained flooring, side entry gate, doggy door and separate cooling unit. Low maintenance front and back yard, great for entertaining! Don't miss out on this perfectly located gem only minutes from the 51 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Paradise Valley Oasis

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8541567

* 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
Indian Bend Elementary School Primary Regular 571 35 5
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$318,510$389,290$353,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,306
Property Tax -$223
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$249

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.

$353,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,534

INVESTMENT

$99,534

Down Payment
$88,475
Rehab Estimate
$5,750
Closing Costs
$5,309

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,475
Loan Amount $265,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,242

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4953$1,5754$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 13028 N 42nd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.15
    •  
  • 12738 N 40th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1978
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.20
    •  
  • 4107 E Windrose Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 1979
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.26
    •  
  • 3916 E Joan De Arc Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,384 Sqft ∙ Built 1971
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
  • 12851 N 39th Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 1977
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.27
    •  
PROPERTY LISTING DETAILS
Carleton Edward Drummond
Capstone Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153293
Last Updated: 11/13/2020
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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