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14040 S 40th Street Phoenix, AZ 85044

3 Beds 2 Baths 1,707 sqft Built 1988

$369,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $216.70
  • 2 Days on Market
  • MLS # : 6175792
  • Updated Date : 01/03/2021 at 02:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Beautiful 3 bed 2 bath home in PRIME S. Phoenix location. Spacious open floor plan with fireplace, great room, living room, vaulted ceilings and a three car garage with lots of storage.Brand new carpets, Fresh exterior paint, updated fixtures, ceiling fans, and granite countertops. Large 700 sq. ft. garage with cabinets and work bench, lighting, and fan. Pull through garage to backyard carport and plenty of space for trailer, boat, etc. Close to freeway access and Mountain Park Ranch amenities; swimming pools, tennis courts, basketball. Great views from backyard of S. Mountain and Ahwatukee hills.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvergate Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Silvergate Vista

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
Kyrene De La Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,365
Property Tax -$263
Property Insurance -$60
HOA -$9
Property Management Fees -$99
CASH FLOW
-$86

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.

$369,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,7104$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 14040 S 40th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.00
    •  
  • 14606 S 43rd Street Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 1992
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.03
    •  
  • 3703 E Rocky Slope Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1995
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 14415 S Cholla Canyon Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1986
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
  • 3715 E Rocky Slope Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 1995
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.10
    •  
PROPERTY LISTING DETAILS
Azia Coleman
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175792
Last Updated: 01/03/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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