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14251 N 26th Lane Phoenix, AZ 85023

2 Beds 2 Baths 1,346 sqft Built 1982

$270,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $200.59
  • 1 Days on Market
  • MLS # : 6213408
  • Updated Date : 03/28/2021 at 00:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,346 sqft
  • Baths : 2 full
Listing Agent

Epic Home Realty

Listing Agent's Description

Darling little 2 bed , 2 bath house with a den in Phoenix with the biggest layout in the neighborhood, well kept! Great location with access to many conveniences. Vaulted ceiling, recently painted, newer floors (except bdrms), newer water heater (5-6 years), newer roof (6-7 years old), Newer AC unit (5 years old), double-paned windows and newer sliding doors to patio. Covered patio with mister system. Quaint little backyard with lots of potential. Come see! SPDS will be loaded in Docs tab by Sunday.

SEE MORE

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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

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
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$938
Property Tax -$161
Property Insurance -$53
HOA -$42
Property Management Fees -$99
CASH FLOW
-$3

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.

$270,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.48%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$15,772

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,410

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2003$1,2504$1,2905$1,495
$1,495
RENT COMPS ANALYSIS
  • 14251 N 26th Lane Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.96
    •  
  • 3235 W Country Gables Drive Phoenix, AZ 1
    • 2 beds 1 baths ∙ 1,174 Sqft ∙ Built 1970 2 beds 1 baths ∙ 1,174 Sqft ∙ Built 1970
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.02
    •  
  • 3110 W Caribbean Lane Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,156 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,156 Sqft ∙ Built 1970
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.04
    •  
  • 15841 N 26th Avenue Phoenix, AZ 3
    • 2 beds 3 baths ∙ 1,225 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,225 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 2610 W Winchcomb Drive Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,346 Sqft ∙ Built 1981
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.11
    •  
PROPERTY LISTING DETAILS
Brian Mcguinness
Epic Home Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6213408
Last Updated: 03/28/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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