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17605 N 9th Avenue Phoenix, AZ 85023

2 Beds 1 Baths 858 sqft Built 1977

$209,900

List Price

$1,010

$909 - $1.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $244.64
  • 3 Days on Market
  • MLS # : 6159969
  • Updated Date : 11/15/2020 at 00:17
CONSTRUCTION
  • Beds : 2
  • Floor Size : 858 sqft
  • Baths : 1 full
Listing Agent

Tramonti Realty

Listing Agent's Description

Adorable starter home in a great Phoenix location, convenient to freeway, shopping, dining and more. This property offers low maintenance front yard, large back yard, tastefully remodeled kitchen and more. Inside you will find a cozy great room, tile flooring throughout the entire house, and a convenient eat-in kitchen equipped with newer appliances & spacious cabinets. The backyard has a covered patio and a big blank canvas waiting for your personal touch. 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
 

$188,910$230,890$209,900

PURCHASE PRICE

$909$1,111$1,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,010
EXPENSES Loan Payment -$774
Property Tax -$126
Property Insurance -$44
Property Management Fees -$99
CASH FLOW
-$33

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.

$209,900

PROJECTED PRICE

$1,010

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$12,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,010

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,032

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0103$1,0754$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 17605 N 9th Avenue Phoenix, AZ 2
    • 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,010
    • $1.18
    •  
  • 18238 N 10th Drive Phoenix, AZ 1
    • 2 beds 1 baths ∙ 871 Sqft ∙ Built 1980 2 beds 1 baths ∙ 871 Sqft ∙ Built 1980
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.14
    •  
  • 17602 N 8th Avenue Phoenix, AZ 3
    • 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977 2 beds 1 baths ∙ 858 Sqft ∙ Built 1977
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $1.25
    •  
  • 902 W Michigan Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980 2 beds 1 baths ∙ 1,040 Sqft ∙ Built 1980
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.20
    •  
  • 225 W Bluefield Avenue Phoenix, AZ 5
    • 2 beds 1 baths ∙ 1,058 Sqft ∙ Built 1984 2 beds 1 baths ∙ 1,058 Sqft ∙ Built 1984
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.22
    •  
PROPERTY LISTING DETAILS
Shelley Incardone
Tramonti Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159969
Last Updated: 11/15/2020
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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