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17629 N 36th Street Phoenix, AZ 85032

4 Beds 3 Baths 1,862 sqft Built 1979

$359,999

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $193.34
  • 4 Days on Market
  • MLS # : 6192982
  • Updated Date : 02/12/2021 at 23:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,862 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Rare opportunity in a fantastic location. This gem of a home is only minutes from the 51 and it is move in ready. Immaculate condition from ceiling to floor. Tile flooring throughout the property makes for an elegant look and easy clean up. Split floor plan with the Master on one side of the home and secondary bedrooms on the other side. Separate living & family rooms. Enormous back yard with large patio, gazebo, brick oven, and RV GATE. You'll have all the room you need to relax, entertain, or even add a future swimming pool. For yourself or as a rental! It won't last long so hurry & come take a look before it's gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

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

Paradise Valley High School

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

Paradise Valley High School

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

$323,999$395,999$359,999

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 -$1,250
Property Tax -$227
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$30

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.

$359,999

PROJECTED PRICE

$1,670

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $269,999
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,969

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
  • $0.9

    LIST RENT PER SQFT
  • $2,020

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7503$1,8954$1,9555$2,100
$2,100
RENT COMPS ANALYSIS
  • 17629 N 36th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,862 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.90
    •  
  • 3831 E Edna Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1996
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 4020 E Coolbrook Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1995
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.03
    •  
  • 3535 E Campo Bello Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,697 Sqft ∙ Built 1978
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,955
    • $1.15
    •  
  • 4034 E Meadow Drive Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1994
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
PROPERTY LISTING DETAILS
Juan Carlos Grimaldo
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192982
Last Updated: 02/12/2021
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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