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13201 N 37th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,240 sqft Built 1972

$315,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $254.03
  • 4 Days on Market
  • MLS # : 6156475
  • Updated Date : 11/05/2020 at 14:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,240 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

**NO SHOWINGS UNTIL SAT 11/7 AT 12PM** BEAUTIFULLY REMODELED HOME ON A QUIET INTERIOR LOT! THIS HOME HAS IT ALL PLUS A BRAND NEW ROOF, NEWER AC AND NEWER WINDOWS! FEATURES INCLUDE A BRAND NEW KITCHEN FEATURING WHITE SHAKER CABINETS WITH BRUSHED NICKEL HARDWARE, GORGEOUS QUARTZ COUNTERS, BRAND NEW STAINLESS APPLIANCES, REMODELED BATHROOMS, ALL NEW LUXURY VINYL PLANK FLOORING THROUGHOUT WITH NEW BASEBOARDS, NEW INTERIOR PAINT, POPCORN CEILINGS REMOVED THROUGHOUT, NEW FRENCH DOORS LEADING TO THE BACKYARD, NEW HARDWARE/FIXTURES THROUGHOUT AND MUCH MORE! THE BACKYARD IS HUGE WITH BLOCK FENCING ON ALL SIDES. LARGE OUTDOOR LAUNDRY ROOM AS WELL WITH TONS OF STORAGE. CLOSE TO SCHOOLS, SCOTTSDALE, GREAT SHOPPING AND THE 51 FREEWAY! YOUR BUYERS WILL LOVE THIS HOME! TOTALLY MOVE IN READY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Southern East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8941567

* 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
Indian Bend Elementary School Middle Regular 571 35 5
Shadow Mountain High School High Regular 1,390 67 3

Indian Bend Elementary School

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

Indian Bend Elementary School

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

Shadow Mountain High School

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

$283,500$346,500$315,000

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 -$1,162
Property Tax -$198
Property Insurance -$51
Property Management Fees -$99
CASH FLOW
-$81

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.

$315,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,283

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
  • $1,438

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4303$1,4954$1,5005$1,650
$1,650
RENT COMPS ANALYSIS
  • 13201 N 37th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.15
    •  
  • 3739 E Surrey Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1972
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.11
    •  
  • 13032 N 37th Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1972
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.12
    •  
  • 3832 E Emile Zola Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.21
    •  
  • 13015 N 37th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1972
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.20
    •  
PROPERTY LISTING DETAILS
Chris Vaupell
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156475
Last Updated: 11/05/2020
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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