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14250 N 26th Lane Phoenix, AZ 85023

3 Beds 2 Baths 1,162 sqft Built 1982

$245,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $211.62
  • 4 Days on Market
  • MLS # : 6148606
  • Updated Date : 11/06/2020 at 11:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,162 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

DARLING MOVE-IN READY SINGLE FAMILY HOME IN NORTH PHOENIX. LUSH YARD AND ROOMY FLOORPLAN. SOARING CEILINGS, WOOD LIKE FLOORING, MODERN PAINT AND CARPET COLORS. LARGE MASTER BEDROOM AND CLOSET WITH ACCESS TO COVERED PATIO. STAINLESS APPLIANCES IN KITCHEN.DUAL PANE WINDOWS, 2013 HVAC, AND 2011 ROOF. IT DOESN'T GET ANY BETTER! THIS IS A GREAT FIRST TIME HOME OR INVESTMENT PROPERTY. NEIGHBORING PROPERTY (MLS 6139995)JUST SOLD FOR $240k AND DOESN'T HOLD A CANDLE TO THIS ONE! GREAT SCHOOLS AND EASY ACCESS TO ALL AREAS OF THE VALLEY! ***ALL OFFERS RECEIVED TO BE REVIEWED AND RESPONDED TO BY 12 NOON ON MONDAY NOV 9TH***

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PRICE & RENT TRENDS

Neighborhood: Thunderbird Villas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $72k271k

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

Neighborhood: Thunderbird Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8171567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$221,310$270,490$245,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$907
Property Tax -$147
Property Insurance -$50
HOA -$42
Property Management Fees -$99
CASH FLOW
-$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$245,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,914

INVESTMENT

$70,914

Down Payment
$61,475
Rehab Estimate
$5,750
Closing Costs
$3,689

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$907

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,475
Loan Amount $184,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,441

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,223

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,1753$1,3004$1,3505$1,400
$1,400
RENT COMPS ANALYSIS
  • 14250 N 26th Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.97
    •  
  • 3126 W Acapulco Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1971
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.02
    •  
  • 14428 N 26th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,162 Sqft ∙ Built 1983
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.12
    •  
  • 15201 N 25th Drive #9 Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1979
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 3217 W Lisbon Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1971
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.06
    •  
PROPERTY LISTING DETAILS
Janelle Pietrocarlo-caskie
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6148606
Last Updated: 11/06/2020
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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