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13211 N 13th Street Phoenix, AZ 85022

4 Beds 3 Baths 2,748 sqft Built 1995

$639,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $232.53
  • 5 Days on Market
  • MLS # : 6208083
  • Updated Date : 03/20/2021 at 05:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,748 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Your new home is waiting for you! Come and see it now in desirable Pointe Mountainside! Featuring 4 BR's, 2.5 Baths. 4th BR is currently 2 person office! Gorgeous curb appeal w/ desert landscaping in front. 3-car garage. Lavish interior boasts Dining & Living Room,s w/ Plush carpet & Vaulted ceilings,! Cozy wood Fireplace! Designer paint throughout. Updated kitchen tons of cabinet and counter space, pantry, tile backsplash &, newer SS appliances! Center Island w/ Glass Cooktop & a breakfast bar. Beautiful Master bedroom has Vaulted Ceilings, Plush carpet, Walk-In closet, & private exit to Private backyard. Remodeled full-bath with double sinks, separate tub and shower. Private Covered patio, grass backyd, heated spa & water Feature. Virtually ne neighbors! Private!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moonridge Estates Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650kPrice in $91k652k

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

Neighborhood: Moonridge Estates Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9342897

* 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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,219
Property Tax -$402
Property Insurance -$81
HOA -$54
Property Management Fees -$99
CASH FLOW
-$606

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.

$639,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,532

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
  • $2,446

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,3004$2,5955$2,700
$2,700
RENT COMPS ANALYSIS
  • 13211 N 13th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,748 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1274 E Voltaire Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 1946 E Betty Elyse Lane Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 801 E Waltann Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.90
    •  
  • 14241 N 14th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,079 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
John J Shackleford
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208083
Last Updated: 03/20/2021
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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