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16825 N 14th Street #55 Phoenix, AZ 85022

3 Beds 3 Baths 1,589 sqft Built 2007

$269,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $169.86
  • 1 Days on Market
  • MLS # : 6202679
  • Updated Date : 03/07/2021 at 04:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,589 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

OPEN HOUSE EVENT SUNDAY MARCH 7th from 11:00 am to 3:00 pm. Rare 3 bedroom condo. Upgraded amenities include slab granite kitchen counters, huge island kitchen, walk-in pantry, gray tone wood laminate flooring/tile/carpet,, fresh paint in most rooms, clean sleek modern style sure to please your fussiest buyer~! Lovely gated community in a central location for easy community to all your favorite places. Light, bright, airy and located in the back of the complex for quiet privacy - make it yours~! Washer, dryer and refrigerator negotiable.Wired for security system but seller has never connected the system, thus conveys ''AS-IS''.No sight unseen offers will be considered by the seller. Deadline for offers will be Tuesday March 9th at 5:00 p.m.

SEE MORE

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
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$937
Property Tax -$383
Property Insurance -$58
HOA -$154
Property Management Fees -$99
CASH FLOW
-$52

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.

$269,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,487

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
  • $1,585

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6004$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 16825 N 14th Street #55 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16825 N 14th Street #100 Phoenix, AZ 2
    • 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, AZ 3
    • 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 #130 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,658 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 1920 E Bell Road #1152 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Libby Beckwith
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202679
Last Updated: 03/07/2021
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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