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13225 N 31st Drive Phoenix, AZ 85029

4 Beds 2 Baths 1,710 sqft Built 1961

$289,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $169.01
  • 6 Days on Market
  • MLS # : 6161319
  • Updated Date : 11/16/2020 at 20:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,710 sqft
  • Baths : 2 full
Listing Agent

Sold Investments Llc

Listing Agent's Description

Great home with huge potential. Renter in place for an investor, remodel, or an amazing home to rehab and stay. Home offers a family and living room with large kitchen. Oversized master bedroom and an inside laundry. Home does have Solar which is leased and can be transferred. NEW A/C unit as of October. Renter is in place until Feb 2021 paying $1518 a month.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Surrey Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Surrey Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,066
Property Tax -$172
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$38

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.

$289,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.9%
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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,515

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
  • $1,389

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4254$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 13225 N 31st Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3518 W Eugie Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1970
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 13813 N 36th Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1971
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.77
    •  
  • 12425 N 30th Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,702 Sqft ∙ Built 1960
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 3554 W Gelding Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1971
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Chad M Keith
Sold Investments Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161319
Last Updated: 11/16/2020
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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