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16236 N 30th Place #3 Phoenix, AZ 85032

2 Beds 3 Baths 1,336 sqft Built 2009

$235,000

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $175.90
  • 3 Days on Market
  • MLS # : 6167773
  • Updated Date : 12/04/2020 at 12:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,336 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful well maintained 2 Master Bedroom and 2.5 bathroom Townhouse! You will find an upgraded laminate flooring throughout the house, a spacious kitchen with stainless steel appliances, washer and dryer and a 2 car garage. Gated Community close to Freeways, shopping centers and entertainment! This gem will not last long!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Paradise Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Palomino Intermediate School Primary Regular 499 25 2
Greenway Middle School Middle Regular 518 26 2
Paradise Valley High School High Regular 1,806 99 5

Palomino Intermediate School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 25
2
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

Paradise Valley High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$867
Property Tax -$148
Property Insurance -$53
HOA -$145
Property Management Fees -$99
CASH FLOW
$38

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.

$235,000

PROJECTED PRICE

$1,350

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$18,460

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
  • $1,503

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,3504$1,3755$1,375
$1,375
RENT COMPS ANALYSIS
  • 16236 N 30th Place #3 Phoenix, AZ 1
    • 2 beds 3 baths ∙ 1,336 Sqft ∙ Built 2009 2 beds 3 baths ∙ 1,336 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2838 E Tracy Lane #1 Phoenix, AZ 2
    • 2 beds 3 baths ∙ 1,254 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,254 Sqft ∙ Built 2007
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 16015 N 30th Street #116 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,172 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,172 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.15
    •  
  • 17365 N Cave Creek Road #204 Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,209 Sqft ∙ Built 2006
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.14
    •  
  • 16021 N 30th Street #124 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,172 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,172 Sqft ∙ Built 2007
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.17
    •  
PROPERTY LISTING DETAILS
Barbara Aquino
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167773
Last Updated: 12/04/2020
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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