Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14239 N 42nd Place Phoenix, AZ 85032

4 Beds 2 Baths 2,502 sqft Built 1980

INVESTimate

$545,000

List Price

$2,560

$2,310 - $2,810

Rent Est.

$580,916  ( +6.59%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $217.83
  • 8 Days on Market
  • MLS # : 6117622
  • Updated Date : 08/25/2020 at 12:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,502 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

One of a kind home on nearly 1/4 acre lot with countless upgrades, 2 NEW AC units and no HOA! The main living area features vaulted ceilings, canned lighting, new windows, an 8 foot slider and a gorgeous custom fireplace. Open the slider to enjoy your entertainer's backyard with a covered patio and a large, sparkling play pool. The primary bedroom has a beautifully renovated bathroom and an enormous walk in closet! The huge flex space with a separate exit makes this property unlike the rest! It would make a great game room, gym, play room or in law suite. Don't forget to check out the air conditioned workshop and large RV gate! The home has fresh interior paint, newer flooring, a newer pool pump, new light fixtures all throughout and much more! Come check it out before its gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mayflower Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Mayflower Terrace

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
Indian Bend Elementary School Primary Regular 571 35 5
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5

Indian Bend Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,011
Property Tax -$343
Property Insurance -$76
Property Management Fees -$99
CASH FLOW
$31

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.

$545,000

PROJECTED PRICE

$2,560

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.59%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$41,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,902

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,560
1$2,5602$2,5953$2,7754$2,8505$3,050
$3,050
RENT COMPS ANALYSIS
  • 14239 N 42nd Place Phoenix, 1
    • 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.02
    •  
  • 4307 E Karen Drive Phoenix, 2
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1985
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.08
    •  
  • 4818 E Hillery Drive Scottsdale, 3
    • 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,311 Sqft ∙ Built 1982
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.20
    •  
  • 4201 E Sheena Drive Phoenix, 4
    • 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,325 Sqft ∙ Built 1981
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.23
    •  
  • 4530 E Everett Drive Phoenix, 5
    • 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,688 Sqft ∙ Built 1988
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $1.13
    •  
PROPERTY LISTING DETAILS
Kelsey Donovan
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6117622
Last Updated: 08/25/2020
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.

BESbswy