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1714 W Charleston Avenue Phoenix, AZ 85023

2 Beds 1 Baths 1,378 sqft Built 1972

INVESTimate

$309,950

List Price

$1,260

$1,134 - $1,386

Rent Est.

$331,182  ( +6.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $224.93
  • 5 Days on Market
  • MLS # : 6121387
  • Updated Date : 08/24/2020 at 11:11
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,378 sqft
  • Baths : 1 full
Listing Agent

Us Investment Realty, Llc

Listing Agent's Description

Stunning Modern minimalist in the quintessential North Phoenix neighborhood. Excellent layout, oversized bedrooms, completely remodeled, new kitchen, gorgeous granite countertops throughout, and beautiful polished concrete floors. Huge lot with RV gate and backyard with tons of space. Roof and HVAC done by the previous owners and within the last 5-6 years. 2 car Carport enters giant mud room/laundry area. Oversized storage shed with power and bonus Evap cooler on the roof. This place needs nothing but you.Located minutes to the I-17 and the 101 freeway and everything the Phoenix has to offer. Close to shopping, stores, restaurants, anything you could need. Please call with any questions.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Constitution Elementary School Primary Regular 680 44 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Constitution Elementary School

  • Education Level: Primary
  • # of students: 680
  • # of teachers: 44
4
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$278,955$340,945$309,950

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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 $1,260
EXPENSES Loan Payment -$1,144
Property Tax -$186
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$222

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.

$309,950

PROJECTED PRICE

$1,260

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,887

INVESTMENT

$87,887

Down Payment
$77,488
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,488
Loan Amount $232,463
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,319

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2503$1,2604$1,2755$1,650
$1,650
RENT COMPS ANALYSIS
  • 1714 W Charleston Avenue Phoenix, 3
    • 2 beds 1 baths ∙ 1,378 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,378 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $0.91
    •  
  • 2121 W Union Hills Drive #119 Phoenix, 1
    • 2 beds 3 baths ∙ 1,274 Sqft ∙ Built 1981 2 beds 3 baths ∙ 1,274 Sqft ∙ Built 1981
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 18811 N 19th Avenue #3019 Phoenix, 2
    • 2 beds 2 baths ∙ 1,289 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,289 Sqft ∙ Built 1984
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.97
    •  
  • 2201 W Union Hills Drive #124 Phoenix, 4
    • 2 beds 3 baths ∙ 1,352 Sqft ∙ Built 1985 2 beds 3 baths ∙ 1,352 Sqft ∙ Built 1985
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.94
    •  
  • 220 W Bluefield Avenue Phoenix, 5
    • 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,623 Sqft ∙ Built 1983
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Joseph Paradise
Us Investment Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121387
Last Updated: 08/24/2020
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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