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1645 W Thunderbird Road Phoenix, AZ 85023

3 Beds 2 Baths 1,280 sqft Built 1969

INVESTimate

$259,900

List Price

$1,350

$1,215 - $1,485

Rent Est.

$287,657  ( +10.68%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $203.05
  • 27 Days on Market
  • MLS # : 6110521
  • Updated Date : 08/21/2020 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full
Listing Agent

Petersen Realty

Listing Agent's Description

This beautifully remodeled home has been painted inside and out and includes a new roof, home features three bedrooms two nice size bathrooms and laminate flooring throughout. Nice size great room upon entry with a good size eat in kitchen and plenty of cabinet space. Inside laundry as well as an outside workshop that can also be used as laundry area. Huge backyard with an RV gate on the side. Beautiful front views of the mountain, just waiting for its new owner. Welcome home~

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $90k271k

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

Neighborhood: Moon Valley Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9301567

* 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
Moon Mountain Elementary School Primary Regular 779 43 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Moon Mountain Elementary School

  • Education Level: Primary
  • # of students: 779
  • # of teachers: 43
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$959
Property Tax -$155
Property Insurance -$52
Property Management Fees -$99
CASH FLOW
$85

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.68%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$28,526

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,347

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,3503$1,3754$1,5455$1,550
$1,550
RENT COMPS ANALYSIS
  • 1645 W Thunderbird Road Phoenix, 2
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 2048 W Aster Drive Phoenix, 1
    • 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,044 Sqft ∙ Built 1971
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.05
    •  
  • 1633 W Joan De Arc Avenue Phoenix, 3
    • 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,240 Sqft ∙ Built 1970
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.11
    •  
  • 13636 N 18th Drive Phoenix, 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 13611 N 24th Avenue Phoenix, 5
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1978
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ryan K Tollstrup
Petersen Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6110521
Last Updated: 08/21/2020
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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