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13814 N Burning Tree Place Phoenix, AZ 85022

3 Beds 3 Baths 2,500 sqft Built 1973

INVESTimate

$423,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$449,438  ( +6.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $169.20
  • 7 Days on Market
  • MLS # : 6119923
  • Updated Date : 08/20/2020 at 01:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,500 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

Completely remodeled home in Moon Valley. This home is located right across the street from the park and pool. This home is 2,500 SF with 3 bedrooms and 3 baths that have all been remodeled. 2 beds and baths are downstairs and one bedroom is upstairs, the master bedroom is downstairs. There are 2 large patios and a 2 car garage. The home has all new flooring, new cabinets, new quartz counters, new dual pane windows, new paint inside and out. Also check out the custom tile showers. All new light fixtures, doors, hardware, etc. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillcrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Hillcrest

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
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
 

$380,700$465,300$423,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,561
Property Tax -$252
Property Insurance -$76
HOA -$122
Property Management Fees -$99
CASH FLOW
-$20

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.

$423,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.25%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,845

INVESTMENT

$117,845

Down Payment
$105,750
Rehab Estimate
$5,750
Closing Costs
$6,345

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,561

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,750
Loan Amount $317,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$25,953

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
  • $2,306

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$2,1004$2,3955$2,800
$2,800
RENT COMPS ANALYSIS
  • 13814 N Burning Tree Place Phoenix, 1
    • 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1973 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 13802 N 11th Street Phoenix, 2
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 302 E Caribbean Lane Phoenix, 3
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1974
    property image
    LEASED 02/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 209 E Coral Gables Drive Phoenix, 4
    • 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,376 Sqft ∙ Built 1977
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.01
    •  
  • 9 W Country Gables Drive Phoenix, 5
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 1976
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Matthew R Firek
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119923
Last Updated: 08/20/2020
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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