Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

17150 N 23rd Street #102 Phoenix, AZ 85022

3 Beds 3 Baths 1,439 sqft Built 2007

$264,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $184.09
  • 4 Days on Market
  • MLS # : 6192761
  • Updated Date : 02/14/2021 at 03:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,439 sqft
  • Baths : 2 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Don't miss this stunning townhome in beautiful, gated Tre Bellavia complex just steps away from sparkling community pool. Ideal location! Very spacious living and dining area is perfect space to relax and entertain w/ easy access to private back patio. Large downstairs den could easily serve as 4th bedroom, or fantastic home office. Gorgeous, open kitchen, tons of white cabinetry, gleaming stainless steel appliances, large kitchen island w/ convenient breakfast bar. Vaulted ceilings upstairs give all 3 bedrooms very open, spacious feel. Huge primary bedroom w/ walk in closet. Elegant primary bathroom light and bright w/ dual sinks, tons of storage. Roomy 2-car garage with direct access to home. Awesome back yard, covered patio, raised garden bed, extended seating area. Very beautiful home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tre Bellavia Condominiums

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $74k271k

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

Neighborhood: Tre Bellavia Condominiums

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7581567

* 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
Echo Mountain Primary School Primary Regular 609 37 4
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Echo Mountain Primary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 37
4
GreatSchools Rating

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

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

$238,410$291,390$264,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$920
Property Tax -$167
Property Insurance -$55
HOA -$170
Property Management Fees -$99
CASH FLOW
$9

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.

$264,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
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$200k$400k$600k$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$14,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,432

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4503$1,5454$1,5455$1,575
$1,575
RENT COMPS ANALYSIS
  • 17150 N 23rd Street #102 Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.99
    •  
  • 17150 N 23rd Street #147 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 17223 N Cave Creek Road #1 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
  • 17223 N Cave Creek Road #18 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2008
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
  • 17223 N Cave Creek Road #7 Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,565 Sqft ∙ Built 2007
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.01
    •  
PROPERTY LISTING DETAILS
Max Shadle
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192761
Last Updated: 02/14/2021
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.

BESbswy