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14456 S 40th Street Phoenix, AZ 85044

4 Beds 2 Baths 1,966 sqft Built 1986

$459,979

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $233.97
  • 4 Days on Market
  • MLS # : 6165133
  • Updated Date : 11/27/2020 at 10:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,966 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Perfect 4 bedroomm 2 bath single story family home on a quiet cul-de-sac location and backed to Mountain preserve for privacy and access to walking trails. This Gorgeous Remodled Home Boast New Paint throughout, Remodeled Kitchen, Luxury Vinyl Tile, New Carpet, 6'' Baseboards, Custom soft-closing cabinetry throughout kitchen,baths & laundry room. granite countertops matching in kitchen and bath vanities, Master bath offers curbless walk-in shower with high-end mosaic wall tile accent, rain shower head and adjustable hand-held, safety bar, seat and large niche for toiletries. This home also includes stacked stone floor-to-ceiling 5' x 8' wood burning fireplace, also new toilets, light fixtures, mirrors, undermount sinks and faucets, all new window treatments.. ''BETTER THAN NEW'' !!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Silvergate Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Silvergate Vista

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
Kyrene De La Esperanza School Primary Regular 530 30 8
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De La Esperanza School

  • Education Level: Primary
  • # of students: 530
  • # of teachers: 30
8
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$413,981$505,977$459,979

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,697
Property Tax -$327
Property Insurance -$66
HOA -$4
Property Management Fees -$99
CASH FLOW
-$353

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.

$459,979

PROJECTED PRICE

$1,840

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,644

INVESTMENT

$127,644

Down Payment
$114,995
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,995
Loan Amount $344,984
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,991

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,840
1$1,8402$1,8503$1,8954$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 14456 S 40th Street Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.94
    •  
  • 4419 E Gold Poppy Way Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,890 Sqft ∙ Built 1994
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 14846 S 44th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,817 Sqft ∙ Built 1992
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
  • 4432 E Badger Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.06
    •  
  • 15010 S 40th Place Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,049 Sqft ∙ Built 1986
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
PROPERTY LISTING DETAILS
Leslie George
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165133
Last Updated: 11/27/2020
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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