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17450 N 45th Street Phoenix, AZ 85032

4 Beds 3 Baths 2,564 sqft Built 1993

$560,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $218.41
  • 2 Days on Market
  • MLS # : 6206628
  • Updated Date : 03/13/2021 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,564 sqft
  • Baths : 3 full
Listing Agent

Re/max Excalibur

Listing Agent's Description

Top to bottom remodel - this home is a must see! No expense has been spared! Beautiful warm, wood look tile in all the right places. Light & bright kitchen features stainless steel appliances and granite counters. Custom soft-close cabinets in kitchen and baths. Spacious Master Suite has vaulted ceilings and spa-like master bath with dual vanities & separate tub & shower. New dual pane windows with Low-e glass. Fantastic location with no HOA! Landscaping features artificial turf and low maintenance desert scape in both front and back yards. Backyard includes beautifully paved covered patio, built-in BBQ, above ground spa & firepit with built-in bench seating! Easy access to all major freeways, Kierland and Desert Ridge. This amazing home checks off all the right boxes!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Paradise North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342018

* 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
Sunrise Middle School Middle Regular 492 23 7
Paradise Valley High School High Regular 1,806 99 5
Sunrise Middle School Middle Unknown NA

Sunrise Middle School

  • Education Level: Middle
  • # of students: 492
  • # of teachers: 23
7
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Sunrise Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,945
Property Tax -$353
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
$36

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.

$560,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,945

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$35,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,654

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,5103$2,6004$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 17450 N 45th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.98
    •  
  • 17021 N 43rd Place Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,231 Sqft ∙ Built 1994
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.05
    •  
  • 5112 E Villa Rita Drive Scottsdale, AZ 3
    • 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,426 Sqft ∙ Built 1998
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 4544 E Michelle Drive Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,641 Sqft ∙ Built 1991
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.02
    •  
  • 5107 E Michelle Drive Scottsdale, AZ 5
    • 5 beds 3 baths ∙ 2,713 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,713 Sqft ∙ Built 1997
    LEASED 11/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ann Lueders
Re/max Excalibur
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206628
Last Updated: 03/13/2021
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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