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14819 N 35th Street Phoenix, AZ 85032

4 Beds 2 Baths 1,378 sqft Built 1962

$316,800

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1962
  • Price/Sqft : $229.90
  • 3 Days on Market
  • MLS # : 6157084
  • Updated Date : 11/07/2020 at 20:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,378 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This spacious single level home is now available in a popular North Phoenix location with NO HOA! A neutral, warm color palette complements the abundance of natural light in bedrooms and living room. The over-sized master bedroom along with 3 other roomy bedrooms checks off all the boxes. The kitchen features plenty of wooden cabinets, gorgeous solid granite stone and a tremendous amount of counter top space for a top chef. The covered patio opens up to an expansive backyard for entertaining. Fresh winter grass and new landscaping and large planters add the final touches to this incredible home. This will sell very quickly! Dual Pane vinyl windows added to save on electric costs. A member of the ownership group once held a real estate license in AZ.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Paradise Valley Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8491567

* 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
Arrowhead Elementary School Primary Regular 491 36 2
Arrowhead Elementary School Middle Regular 491 36 2
Paradise Valley High School High Regular 1,806 99 5

Arrowhead Elementary School

  • Education Level: Primary
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Arrowhead Elementary School

  • Education Level: Middle
  • # of students: 491
  • # of teachers: 36
2
GreatSchools Rating

Paradise Valley High School

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

$285,120$348,480$316,800

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 -$1,169
Property Tax -$200
Property Insurance -$54
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.

$316,800

PROJECTED PRICE

$1,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,702

INVESTMENT

$89,702

Down Payment
$79,200
Rehab Estimate
$5,750
Closing Costs
$4,752

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,169

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,200
Loan Amount $237,600
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,223

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
  • $1.07

    LIST RENT PER SQFT
  • $1,619

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,5954$1,6495$1,750
$1,750
RENT COMPS ANALYSIS
  • 14819 N 35th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,378 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.07
    •  
  • 3510 E Ludlow Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1969
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.13
    •  
  • 3546 E Gelding Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1978
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.13
    •  
  • 14030 N 34th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,340 Sqft ∙ Built 1969
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.23
    •  
  • 3463 E Thunderbird Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1970
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.22
    •  
PROPERTY LISTING DETAILS
Randy Schoenfeld
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157084
Last Updated: 11/07/2020
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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