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13651 N Canterbury Drive Phoenix, AZ 85023

4 Beds 2 Baths 2,171 sqft Built 1966

$605,500

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $278.90
  • 3 Days on Market
  • MLS # : 6166971
  • Updated Date : 12/03/2020 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,171 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

SHOWINGS TO BEGIN ON SATURDAY DECEMBER 5TH. WHAT AN AMAZING HOME! PERSONALIZED TOUCHES AROUND EVERY CORNER. INSIDE: SMART HOME ACCESSES THE LIGHTS, DOORS, SMART THERMOSTAT, AND SECURITY SYSTEM. APPLIANCES AND CARPET REPLACED IN 2016, NEW AC SYSTEM IN 2019 WITH HUMIDIFIER AND UV FILTRATION, TANKLESS WATER HEATER WITH R/C PUMP INSTALLED IN 2018. OWNED SECURITY SYSTEM TRANSFERS. FULL HOME WATER FILTRATION SYSTEM, UNDER KITCHEN SINK R/O SYSTEM. WOOD FLOORS AND GRANITE COUNTERS. // OUTSIDE: EXTRA WIDE RV GATE AND PAVED AREA W/ COMPLETE HOOKUPS (50AMP ELECTRICITY, WATER AND PUBLIC SEWAGE DRAIN). TUFF SHED, ALL POOL EQUIPMENT INCLUDING SWEEPER, NEW MULTI-STAGE POOL PUMP MARCH 2020, EXTERIOR PAINTED 2018, NEW ENTRY GATES WITH AUTO SHUT. NEW FRONT DOOR TO BE INSTALLED BEFORE CLOSING.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k484k

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

Neighborhood: Moon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342444

* 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
Lookout Mountain Elementary School Primary Regular 1,022 50 9
Lookout Mountain Elementary School Middle Regular 1,022 50 9
Thunderbird High School High Regular 1,507 63 6

Lookout Mountain Elementary School

  • Education Level: Primary
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Lookout Mountain Elementary School

  • Education Level: Middle
  • # of students: 1,022
  • # of teachers: 50
9
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$544,950$666,050$605,500

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,234
Property Tax -$361
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
-$534

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.

$605,500

PROJECTED PRICE

$2,230

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$166,208

INVESTMENT

$166,208

Down Payment
$151,375
Rehab Estimate
$5,750
Closing Costs
$9,083

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,234

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $151,375
Loan Amount $454,125
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,252

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7953$2,1504$2,2305$2,250
$2,250
RENT COMPS ANALYSIS
  • 13651 N Canterbury Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.03
    •  
  • 13249 N 14th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1971
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
  • 230 E Wood Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 238 E Surrey Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,832 Sqft ∙ Built 1981
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.17
    •  
  • 14419 N 5th Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 1973
    property image
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Justin B Elder
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166971
Last Updated: 12/03/2020
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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