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13610 N 17th Place Phoenix, AZ 85022

4 Beds 4 Baths 3,045 sqft Built 1989

$655,000

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $215.11
  • 7 Days on Market
  • MLS # : 6176665
  • Updated Date : 01/09/2021 at 22:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,045 sqft
  • Baths : 4 full
Listing Agent

Realty One Group

Listing Agent's Description

At the top of this Presidio Heights location is a gated Italian villa on an elevated mountainside slope with stunning views of the Valley. Home includes 3 wood-burning Fireplaces, 3+ Bedrooms, 3+ Bathrooms, Study/Office, Media/Game room, 3 Private Terraces. A gorgeous kitchen with Imported Iroko wood cabinets/granite counters, stainless steel appliances, and decorative plaster frieze sculptures from Milan. An architecturally charming home with double staircases, allowing for transitional flow within separate living areas. Follow the steps to a private master bedroom with fireplace & expansive area views has a private screened terrace with separate exit leading to either an elevated entertainment space or to the pool, outdoor shower, surrounded by desert flora around the expansive property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Presidio Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k526k

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

Neighborhood: Presidio Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342603

* 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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

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

$589,500$720,500$655,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,275
Property Tax -$413
Property Insurance -$87
Property Management Fees -$99
CASH FLOW
-$313

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.

$655,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$15,112

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
  • $2,578

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,5954$2,700
$2,700
RENT COMPS ANALYSIS
  • 13610 N 17th Place Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 110 E Joan D Arc Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 1973
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 801 E Waltann Lane Phoenix, AZ 3
    • 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 4
    • 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
Steven Herman
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176665
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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