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14067 S 40th Street Phoenix, AZ 85044

4 Beds 3 Baths 2,135 sqft Built 1987

$399,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $186.89
  • 2 Days on Market
  • MLS # : 6170595
  • Updated Date : 12/11/2020 at 18:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,135 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

CORNER LOT! This 4 bed/2/5 bath home is situated on a 1/4 acre lot that backs Sun Ray Park. Access park w/ your own gate key. Updates to the home include new paint, carpet, soft water system in 2020. AC's replaced in 2015 & 2018. Large family room off the kitchen w/ fireplace. Huge master bedroom and 3 nice sized bedrooms upstairs. Home is located in popular Mountain Park Ranch. HOA dues include access to all 3 pools, tennis court and pickle ball courts. See document tab for more info on amenities. Close to shopping and I-10 and hiking trails. Very convenient location! Put this home on your list!(Storage shed in backyard is being removed).

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,472
Property Tax -$298
Property Insurance -$69
HOA -$5
Property Management Fees -$99
CASH FLOW
$187

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.

$399,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.53%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$46,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,140

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0994$2,1305$2,195
$2,195
RENT COMPS ANALYSIS
  • 14067 S 40th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.00
    •  
  • 3517 E Dry Creek Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,006 Sqft ∙ Built 1989
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 15010 S 40th Place Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 15229 S 36th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,957 Sqft ∙ Built 1986
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.07
    •  
  • 15039 S 40th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,229 Sqft ∙ Built 1993
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
PROPERTY LISTING DETAILS
Karin Telles
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170595
Last Updated: 12/11/2020
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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