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13225 N 37th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,528 sqft Built 1972

$330,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $215.97
  • 3 Days on Market
  • MLS # : 6159996
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,528 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Honey stop the car! Lots of upgrades in this beauty! Home is nestled in the desirable neighborhood near Roadrunner park. Your new home has magnificent features to boast about: Both bathrooms redone with new vanities, tile showers and beautiful flooring. Spacious kitchen features ALL BRAND NEW stainless steel appliances and plenty of room to have a portable kitchen island! A/C unit is only one year old!! Massive oversized laundry room was recently remodeled! Backyard is an entertainers paradise, and both backyard and frontyard boast a generous amount of pavers! Backyard has a perfect sized workshop for those that like to tinker. Home has quick and easy freeway access and is only a short distance from Paradise Valley restaurants and shopping! Come quick this won't last!

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,218
Property Tax -$208
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$119

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.

$330,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.52%

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$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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$37,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,711

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5853$1,6004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 13225 N 37th Place Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 3761 E Pershing Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 1973
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.02
    •  
  • 13248 N 38th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.10
    •  
  • 3916 E Joan De Arc Avenue Phoenix, AZ 3
    • 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
    •  
  • 13015 N 37th Place Phoenix, AZ 4
    • 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
John Bullock
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159996
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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