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14041 S 39th Street Phoenix, AZ 85044

3 Beds 2 Baths 1,612 sqft Built 1986

INVESTimate

$398,800

List Price

$1,730

$1,557 - $1,903

Rent Est.

$419,936  ( +5.30%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $247.39
  • 6 Days on Market
  • MLS # : 6120535
  • Updated Date : 08/23/2020 at 23:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,612 sqft
  • Baths : 2 full
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

Remodeled Ahwatukee Home! Open Concept Kitchen/Great Room for Modern Living & Entertaining. New Quartz Kitchen Counters. New Refrigerator, Washer & Dryer stay. Both Bathrooms Redone. ALL New Flooring-Gorgeous Laminate-Carpet in Bedrooms & Tile in Bathrooms. Great Room Fireplace Refaced for a Fresh Look & Interior was Repainted. Lots of Other Interior Changes Include New Outlets & Switches, Recessed Lighting, Mirrored Closet Doors, Door Hardware, Ceiling Fans, Light Fixtures, Custom Shutters at Front Windows & New Baseboards Thru-Out. SEE PHOTOS! And as If that is not enough, how about the Major Items of HWHeater in 2016 PLUS New Roof & New AC BOTH in 2019. True Work & Work-Out Quarantine Home-Currently the Dining Room & Bedroom 3 are Offices and the Living Room is home Gym Area.

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
 

$358,920$438,680$398,800

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,471
Property Tax -$284
Property Insurance -$59
HOA -$25
Property Management Fees -$99
CASH FLOW
-$208

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.

$398,800

PROJECTED PRICE

$1,730

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.30%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,432

INVESTMENT

$111,432

Down Payment
$99,700
Rehab Estimate
$5,750
Closing Costs
$5,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,471

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,700
Loan Amount $299,100
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$10,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,733

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6003$1,6954$1,7305$1,900
$1,900
RENT COMPS ANALYSIS
  • 14041 S 39th Street Phoenix, 4
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.07
    •  
  • 4047 E Jojoba Road Phoenix, 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1997
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.07
    •  
  • 13842 S 40th Street #1003 Phoenix, 2
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 1987
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.09
    •  
  • 3703 E Rocky Slope Drive Phoenix, 3
    • 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
    •  
  • 3715 E Rocky Slope Drive Phoenix, 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
Monica Morrow Mcbee
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120535
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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