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13817 N 38th Street 
Phoenix, AZ
85032
3 Beds 2 Baths 1,064 sqft
Built 1970
INVESTimate
$260,000
List Price
$74,650
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PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $244.36
- 1 Days on Market
- MLS # : 6121897
- Updated Date : 08/25/2020 at 22:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,064 sqft
- Baths : 2 full
Listing Agent
Re/max Excalibur
Listing Agent's Description
Very clean, newly painted, well maintained 3 bedroom/2 bath home. Open floor plan, nicely upgraded. 2 car garage. Large backyard, patio and mature landscaping.No HOA!
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PRICE & RENT TRENDS
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Valley Oasis
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$164 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$10
|
||
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.
$260,000
PROJECTED PRICE
$1,260
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.61% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
5.58
YEARS SAVED
$18,546
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
-
$1,261
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
13817 N 38th Street Phoenix, 1
- 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3638 E Presidio Road Phoenix, 2
- 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 1971
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,299
- $1.22
-
13822 N 38th Street Phoenix, 3
- 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,092 Sqft ∙ Built 1970
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,300
- $1.19
-
3510 E Ludlow Drive Phoenix, 4
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
![property image]()
LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,395
- $1.13
-
3832 E Emile Zola Avenue Phoenix, 5
- 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1971
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,500
- $1.21
PROPERTY LISTING DETAILS
Re/max Excalibur
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121897
Last Updated: 08/25/2020
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.
