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16825 N 14th Street #45 # 45 Phoenix, AZ 85022

4 Beds 3 Baths 1,787 sqft Built 2007

INVESTimate

$263,000

List Price

$1,460

$1,314 - $1,606

Rent Est.

$280,095  ( +6.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 26, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $147.17
  • 1 Days on Market
  • MLS # : 6108822
  • Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,787 sqft
  • Baths : 3 full
Listing Agent

Hague Partners

Listing Agent's Description

COMING SOON!!! 72Hour Home Sale! Bid Now! This beautiful townhouse will sure turn heads. this unit has newly installed wood floors, updated bathrooms and an open kitchen concept that is great for entertaining. Located in a quite area of the community for added privacy. This one will go quick!

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PRICE & RENT TRENDS

Neighborhood: Via Bellezza Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $87k358k

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

Neighborhood: Via Bellezza Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600170018001900Rent in $7801981

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$236,700$289,300$263,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$970
Property Tax -$383
Property Insurance -$62
HOA -$154
Property Management Fees -$99
CASH FLOW
-$209

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.

$263,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.50%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,445

INVESTMENT

$75,445

Down Payment
$65,750
Rehab Estimate
$5,750
Closing Costs
$3,945

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,750
Loan Amount $197,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,774

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4753$1,6004$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 16825 N 14th Street #45 Phoenix, 1
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.82
    •  
  • 16825 N 14th Street #2 Phoenix, 2
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 16825 N 14th Street #100 Phoenix, 3
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 16825 N 14th Street #29 Phoenix, 4
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 1702 E Bell Road #186 Phoenix, 5
    • 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2005
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kristy N Dewitz
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6108822
Last Updated: 08/26/2020
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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