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17403 N 14th Avenue Phoenix, AZ 85023

5 Beds 3 Baths 2,233 sqft Built 1972

$349,500

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $156.52
  • 5 Days on Market
  • MLS # : 6153534
  • Updated Date : 10/31/2020 at 11:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,233 sqft
  • Baths : 3 full
Listing Agent

The Agency

Listing Agent's Description

LOCATION**INVESTMENT OPPORTUNITY!!!! Beautiful home in Deer Valley Estates. 5 bed 3 bath has a Large rear Guest house with private entrance. Several renovations including newer A/C units and beautiful granite countertops and new tile floors. Freshly painted. This home will not last long!

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
 

$314,550$384,450$349,500

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,290
Property Tax -$209
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$2

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.

$349,500

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,368

INVESTMENT

$98,368

Down Payment
$87,375
Rehab Estimate
$5,750
Closing Costs
$5,243

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,290

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,375
Loan Amount $262,125
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$26,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,926

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6703$1,9254$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 17403 N 14th Avenue Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,233 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,233 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.75
    •  
  • 1022 W Campo Bello Drive Phoenix, AZ 1
    • 5 beds 2 baths ∙ 1,904 Sqft ∙ Built 1978 5 beds 2 baths ∙ 1,904 Sqft ∙ Built 1978
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 2028 W Schell Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1964 4 beds 2 baths ∙ 2,157 Sqft ∙ Built 1964
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.89
    •  
  • 101 W Kathleen Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1979
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.89
    •  
  • 16009 N 7th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 1991
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cameron Haynes Axx
The Agency
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153534
Last Updated: 10/31/2020
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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