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1430 E Meadowbrook Avenue Phoenix, AZ 85014

4 Beds 2 Baths 2,055 sqft Built 1951

$450,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1951
  • Price/Sqft : $218.98
  • 3 Days on Market
  • MLS # : 6203422
  • Updated Date : 03/20/2021 at 05:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Great home in Central Phoenix! Perfect for a growing family or multi generational - featuring split floor plan & 2 separate bonus/family rooms. Kitchen Remodeled in 2016 w/ White Cabinets, Subway Tile Backsplash, Granite Counters & Stainless Steel Appliances. Both Bathrooms have been completely Remodeled in 2016. Newer roof & New AC duct work for entire house (2016).

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Camelback East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Madison Camelview Elementary School Primary Regular 689 33 4
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA

Madison Camelview Elementary School

  • Education Level: Primary
  • # of students: 689
  • # of teachers: 33
4
GreatSchools Rating

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,563
Property Tax -$323
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$223

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.

$450,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.7%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,896

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,7804$1,9005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1430 E Meadowbrook Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1951 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1951
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5240 N 20th Street ##a1 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 1964
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 1815 E Minnezona Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1955 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1955
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.91
    •  
  • 1539 E San Miguel Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1952
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.04
    •  
  • 1310 E Missouri Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949 4 beds 2 baths ∙ 2,293 Sqft ∙ Built 1949
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Shawna L Boughman
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203422
Last Updated: 03/20/2021
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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