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19425 N 14th Place Phoenix, AZ 85024

3 Beds 2 Baths 1,548 sqft Built 1986

$355,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $229.33
  • 3 Days on Market
  • MLS # : 6203211
  • Updated Date : 03/06/2021 at 19:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Good Company Real Estate

Listing Agent's Description

Fantastic location in desirable Phoenix! Close to schools, AZ 101, parks, and much more. This lovely house offers a low maintenance desert landscaping and RV gate. Step inside to discover a remodeled interior complete with vaulted ceilings, beautiful designer paint, and wood-burning fireplace. Cook your favorite recipes in this equipped eat-in kitchen with well-kept appliances, lots of counter space, and a pantry. The large master bedroom includes a generous walk-in closet with enough space for your belongings and a spotless en-suite with dual sinks. Don't forget to check out this amazing backyard with a covered patio, storage shed, and refreshing blue pool with spa, perfect to enjoy in the hot Arizona summers. Look no further! Call for your showing today.

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
Mountain Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,233
Property Tax -$224
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$43

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.

$355,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.44%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,5703$1,8004$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 19425 N 14th Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.01
    •  
  • 742 E Piute Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1987
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.13
    •  
  • 19826 N 11th Street N Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,536 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,536 Sqft ∙ Built 1984
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.17
    •  
  • 1326 E Taro Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,578 Sqft ∙ Built 1986
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.14
    •  
  • 19634 N 13th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1987
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.06
    •  
PROPERTY LISTING DETAILS
Matthew J Manoogian
Good Company Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203211
Last Updated: 03/06/2021
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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