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17432 N 13th Avenue Phoenix, AZ 85023

4 Beds 2 Baths 1,447 sqft Built 1972

$289,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $200.35
  • 3 Days on Market
  • MLS # : 6171814
  • Updated Date : 01/01/2021 at 17:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,447 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Great North Phoenix opportunity* 3 bedrooms + guest quarters/4th bedroom, 2 bath* 4th bedroom has no closet and is accessible off the back patio* Block home* All new flooring, interior & exterior paint* New ceiling fans and light fixtures* Large lot with RV gate, synthetic lawn in backyard* Close to Shopping, Freeways & Schools *This is a nice & clean single level Phoenix home!! Come check it out!!

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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,070
Property Tax -$174
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$112

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.

$289,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,790

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
  • $1,639

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4493$1,6494$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 17432 N 13th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 17613 N 8th Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1977
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.12
    •  
  • 1538 W Charleston Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.07
    •  
  • 1512 W Grovers Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1973
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.15
    •  
  • 1111 W Halstead Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,425 Sqft ∙ Built 1976
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.19
    •  
PROPERTY LISTING DETAILS
Chris Lewis
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171814
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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