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14652 N 44th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,597 sqft Built 1983

$395,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $247.34
  • 3 Days on Market
  • MLS # : 6192754
  • Updated Date : 02/21/2021 at 00:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

**Multiple Offers Received. Please have all offers in by no later than 4PM Sunday. Thank you!** Beautiful 3 bed + den home; prime location on a 9000 + sf lot. Situated on a on a quiet street, this home has much to offer. Fireplace, New paint, carpet, hot water heater. Whole home water softener. No popcorn ceilings! All front windows replaced by Andersen in 2017. The relaxing spacious backyard is perfect for entertaining; sitting area, covered patio and green grass play area on a large lot with mature trees, storage shed, Pavers in all the right places. Prime location close to the 51 & 101, Kierland Commons, Desert Ridge, PV Mall; located in Paradise Valley School District.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Covey West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Covey West

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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,372
Property Tax -$249
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$22

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.

$395,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.5%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$24,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,900

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8003$1,9004$2,0005$2,195
$2,195
RENT COMPS ANALYSIS
  • 14652 N 44th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 4330 E Evans Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1983
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.17
    •  
  • 4848 E Betty Elyse Lane Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1985
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.18
    •  
  • 4741 E Voltaire Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1980
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 4428 E Sheena Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 1979
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.24
    •  
PROPERTY LISTING DETAILS
Shawn Rogers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192754
Last Updated: 02/21/2021
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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