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17810 N 24th Drive Phoenix, AZ 85023

3 Beds 2 Baths 1,761 sqft Built 1962

$285,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $161.84
  • 2 Days on Market
  • MLS # : 6168184
  • Updated Date : 12/05/2020 at 21:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,761 sqft
  • Baths : 1 full , 1 half
Listing Agent

Re/max Professionals

Listing Agent's Description

Mid Century Modern Stiyle home, featuring large living room windows, nice mahogany cabinets, VOLUME beamed ceilings, nice kitchen opens into family room with built in hutch, large living room, nice size rear yard with block fence, large laundry/work shop, combination, new laminated flooring and new carpet, new interior & exterior paint,air conditioner only 3 years, convenient to I-17 & 101 Freeways & shopping.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Village Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Village Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Village Meadows Elementary School Primary Regular 470 33 4
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Village Meadows Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 33
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,052
Property Tax -$171
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$117

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.

$285,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$33,068

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
  • $1,752

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4003$1,4504$1,5185$1,700
$1,700
RENT COMPS ANALYSIS
  • 17810 N 24th Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1962
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16623 N 29th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1981
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 18225 N 31st Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1976
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 3026 W Michelle Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1977
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,518
    • $0.95
    •  
  • 2240 W Danbury Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1971
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Alex Robayo
Re/max Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168184
Last Updated: 12/05/2020
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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