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14026 S 8th Street Phoenix, AZ 85048

4 Beds 4 Baths 3,591 sqft Built 1996

INVESTimate

$895,000

List Price

$3,460

$3,210 - $3,710

Rent Est.

$922,029  ( +3.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $249.23
  • 4 Days on Market
  • MLS # : 6121702
  • Updated Date : 08/23/2020 at 17:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,591 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Beautiful home in exclusive gated Hidden Canyon. Incredible, custom double glass & wrought iron front door opens to beautiful wood floors flowing throughout the living spaces. The spacious kitchen is open to the breakfast nook & family room with a floor-to-ceiling stacked stone fireplace. The serene master retreat has a jetted tub and separate shower. A Jack-and-Jill bathroom serves 2 of the secondary bedrooms while the 4th bedroom is a mini-suite with its own private bath. Your new office features custom built-in cabinetry and desk. The huge backyard features a full-length patio with a high speed misting system, TV, power awning, built-in BBQ & outdoor sink, play pool, sport court, grassy area and RV gate.You have stunning views of South Mountain and easy access to hiking trails.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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 Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$805,500$984,500$895,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$3,302
Property Tax -$637
Property Insurance -$97
HOA -$96
Property Management Fees -$99
CASH FLOW
-$771

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.

$895,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$242,925

INVESTMENT

$242,925

Down Payment
$223,750
Rehab Estimate
$5,750
Closing Costs
$13,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,302

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $223,750
Loan Amount $671,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,528

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
  • $3,196

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$2,7954$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 14026 S 8th Street Phoenix, 1
    • 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,591 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 709 E Mountain Sky Avenue Phoenix, 2
    • 5 beds 5 baths ∙ 3,400 Sqft ∙ Built 1993 5 beds 5 baths ∙ 3,400 Sqft ∙ Built 1993
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 1323 E Thistle Landing Drive Phoenix, 3
    • 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.82
    •  
  • 15033 S 7th Street Phoenix, 4
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998
    property image
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.95
    •  
  • 14264 S 12th Street Phoenix, 5
    • 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Annette E. Holmes
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121702
Last Updated: 08/23/2020
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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