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13605 S 41st Street Phoenix, AZ 85044

3 Beds 2 Baths 1,929 sqft Built 2012

$419,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $217.68
  • 4 Days on Market
  • MLS # : 6162319
  • Updated Date : 12/18/2020 at 17:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Inviting curb appeal for this charming 3 bed, 2 bath home. Formal living and dining room. Tile & carpet in all the right places. Vaulted ceilings and soft color palette. Spacious open floor plan for the kitchen, dining, and family room. The family room has a cozy fireplace. The stunning eat-in kitchen has a plethora of custom cabinets, beautiful granite counters, SS appliances, breakfast bar seating, and a pantry. The master has a private entrance, a full bath, and a walk-in closet. The serene backyard has a covered patio, mature foliage, and a nice lawn area for the kids & pets to play! Community amenities. Close to schools, shopping, and major freeways. Make this your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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 La Colina School Primary Regular 535 30 7
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Colina School

  • Education Level: Primary
  • # of students: 535
  • # of teachers: 30
7
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
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,549
Property Tax -$299
Property Insurance -$65
HOA -$5
Property Management Fees -$99
CASH FLOW
-$56

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.

$419,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,549

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$23,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,997

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$1,8503$1,9004$1,9605$1,975
$1,975
RENT COMPS ANALYSIS
  • 13605 S 41st Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.02
    •  
  • 4429 E Desert Wind Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1994
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.01
    •  
  • 4419 E Gold Poppy Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 4432 E Badger Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 4434 E Desert Wind Drive Phoenix, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Martin F. Griffin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162319
Last Updated: 12/18/2020
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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