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14037 S 8th Street Phoenix, AZ 85048

4 Beds 4 Baths 3,612 sqft Built 1996

$975,000

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $269.93
  • 2 Days on Market
  • MLS # : 6202519
  • Updated Date : 03/20/2021 at 02:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,612 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Wow! What a spectacular home in gated Hidden Canyon with stunning mountain view sitting on over 20,000 square foot cul-de-sac lot! Over 3600 square foot single level highly upgrade property inside and out! 4 bd plus office with elegant built-in, 3.5 bath, split floor plan. Upgrades include travertine floors, granite counters, huge eat-in kitchen including SS appliances with warming drawer, gas stove and wine fridge. Large master bedroom with highly upgraded bath and huge walk-in closet. One secondary bedroom has private bath and other two have Jack and Jill bath. Backyard paradise includes large diving pool an d spa, gas fire pit, travertine pavers, built-in BBQ. This home is amazing! Professional interior photos coming Tuesday March 23rd. If you show it, you will sell it!

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
 

$877,500$1,072,500$975,000

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$3,387
Property Tax -$694
Property Insurance -$98
HOA -$16
Property Management Fees -$99
CASH FLOW
-$643

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.

$975,000

PROJECTED PRICE

$3,650

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$264,125

INVESTMENT

$264,125

Down Payment
$243,750
Rehab Estimate
$5,750
Closing Costs
$14,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,387

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $243,750
Loan Amount $731,250
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$12,394

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
  • $3,684

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,3333$3,4004$3,600
$3,600
RENT COMPS ANALYSIS
  • 14037 S 8th Street Phoenix, AZ 1
    • 4 beds 4 baths ∙ 3,612 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,612 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1323 E Thistle Landing Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,333
    • $0.98
    •  
  • 14264 S 12th Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 15016 S 7th Street Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
James Bill Watson
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202519
Last Updated: 03/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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