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13043 S 43rd Street Phoenix, AZ 85044

3 Beds 2 Baths 1,740 sqft Built 1984

$390,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $224.14
  • 3 Days on Market
  • MLS # : 6189058
  • Updated Date : 02/05/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,740 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You will love this 55+ community home that has been well-maintained & located in a golf course community on a cul-de-sac. This single level home features 3 bedrooms, 2 bathrooms, 3 car garage and a formal living/dining space. The HUGE backyard is made for entertaining with a sparkling pool, covered patio, ramada and mountain views. Wood floors & tile throughout (no carpet), granite countertops in kitchen, large walk-in shower in master bathroom. Enjoy all of the community amenities living here with the Ahwatukee Recreation Center with fitness facility, indoor/outdoor pool, spa, sports courts & more! Schedule your private showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,355
Property Tax -$278
Property Insurance -$61
HOA -$6
Property Management Fees -$99
CASH FLOW
-$68

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.

$390,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$17,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,984

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,8503$1,9754$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 13043 S 43rd Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.99
    •  
  • 14415 S Cholla Canyon Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 4434 E Desert Wind Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 1994
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.09
    •  
  • 3835 E Gail Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 1987
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
  • 4327 E Sequoia Trail Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 1979
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.20
    •  
PROPERTY LISTING DETAILS
Susan M Seiber
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189058
Last Updated: 02/05/2021
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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