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14802 S 7th Place Phoenix, AZ 85048

5 Beds 3 Baths 2,627 sqft Built 1994

$629,900

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $239.78
  • 3 Days on Market
  • MLS # : 6181067
  • Updated Date : 01/22/2021 at 20:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,627 sqft
  • Baths : 3 full
Listing Agent

Pro Sports Realty

Listing Agent's Description

THIS AMAZING MOUNTAIN VIEW HOME IN THE FOOTHILLS FEATURES 5 BEDROOMS WITH ONE OF THE ROOMS ON THE FIRST FLOOR HAS A BUILT -IN MURPHY BED BOOKCASE AND THE HOME HAS 3 FULL BATH HIGH VAULTED CEILINGS AND FORMAL LIVING ROOM / DINING ROOM AN OPEN KITCHEN WITH UPGRADED STAINLESS STEEL APPLIANCES GRANITE COUNTERS AND PLENTY OF CABINET SPACE AND PANTRY. THE LARGE HOMEOWNER SUITE FEATURES A STEP IN SHOWER WITH SEPERATE TUB AND DOUBLE SINKS WALK IN CLOSET. THE STUNNING RESORT BACKYARD WITH HUGE COVERED PATIO, LANDSCAPING ,PAVED SEATING AREA WITH MOUNTAIN VIEWS AND A LARGE POOL PERFECT FOR ENTERTAINING. BRING YOUR BUYERS!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crimson Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k576k

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

Neighborhood: Crimson Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342601

* 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 Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,188
Property Tax -$448
Property Insurance -$78
HOA -$6
Property Management Fees -$99
CASH FLOW
$41

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.

$629,900

PROJECTED PRICE

$2,860

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$38,677

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
  • $3,133

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7753$3,2504$3,3005$3,500
$3,500
RENT COMPS ANALYSIS
  • 14802 S 7th Place Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15007 S 8th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 1994
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $1.06
    •  
  • 1040 E Mountain Vista Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.20
    •  
  • 1824 E Briarwood Terrace Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.17
    •  
  • 14652 S 7th Place Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1994
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
Norman Cholagh
Pro Sports Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181067
Last Updated: 01/22/2021
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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