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14256 N 23rd Place Phoenix, AZ 85022

3 Beds 3 Baths 1,614 sqft Built 1992

$284,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $176.52
  • 4 Days on Market
  • MLS # : 6159502
  • Updated Date : 11/14/2020 at 11:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,614 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Pride of Ownership is evident throughout this gorgeous home. Soaring ceilings, warm palette, handsome wood ''look'' tile floors, cozy fireplace, window blinds, formal dining room, & spacious eat-in kitchen. Plenty of white kitchen cabinets w/hardware, breakfast bar, SS appliances, & pantry. Generous size bedrooms, plush carpet, ample closets, ceiling fans, interior laundry closet, & 2.5 pristine baths. Enjoy the covered paver patio, decorative stone, & endless blue skies. Close to Preserve, Shopping & more. Take a tour today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Montierra at Shadow Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Montierra at Shadow Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9011981

* 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
Hidden Hills Elementary School Primary Regular 501 30 7
Hidden Hills Elementary School Middle Regular 501 30 7
Shadow Mountain High School High Regular 1,390 67 3

Hidden Hills Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Hidden Hills Elementary School

  • Education Level: Middle
  • # of students: 501
  • # of teachers: 30
7
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,051
Property Tax -$179
Property Insurance -$59
HOA -$67
Property Management Fees -$99
CASH FLOW
$25

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.

$284,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,5754$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 14256 N 23rd Place Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,614 Sqft ∙ Built 1992
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.92
    •  
  • 2351 E Evans Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 2331 E Gelding Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 1992
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.02
    •  
  • 2621 E Vista Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1980
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 2632 E Marilyn Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1980
    property image
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.01
    •  
PROPERTY LISTING DETAILS
Francisco Lerma
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159502
Last Updated: 11/14/2020
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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