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19629 N 6th Place Phoenix, AZ 85024

4 Beds 2 Baths 1,581 sqft Built 1983

$264,900

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $167.55
  • 3 Days on Market
  • MLS # : 6165194
  • Updated Date : 11/27/2020 at 08:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,581 sqft
  • Baths : 2 full
Listing Agent

Haz Realty, Llc

Listing Agent's Description

Nice clean 4 bedroom 2 bathroom floor plan with a separate living room and family room. Dual pane windows and ceiling fans throughout home. Open eat in kitchen with lots of cabinets, built in Micro wave and refrigerator. Very large inside laundry room with a pantry off kitchen. Property is on a nice size corner lot with backyard covered patio and RV gate. Separate entrance to Family room and 4th bedroom. Home has 2 A/C units with duct work so wall units can be removed and walls dry walled in. Easy access to the 101 freeway.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blue Hills

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $71k271k

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

Neighborhood: Blue Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6651567

* 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
Eagle Ridge Elementary School Primary Regular 581 41 5
Mountain Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Eagle Ridge Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 41
5
GreatSchools Rating

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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$977
Property Tax -$167
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$239

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.

$264,900

PROJECTED PRICE

$1,540

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$47,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,7503$1,7804$1,8455$1,895
$1,895
RENT COMPS ANALYSIS
  • 19629 N 6th Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,581 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.97
    •  
  • 510 E Rimrock Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,579 Sqft ∙ Built 1988
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 437 E Utopia Road Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1985
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.07
    •  
  • 526 E Utopia Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 1987
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.10
    •  
  • 19233 N 5th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 1986
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.06
    •  
PROPERTY LISTING DETAILS
Randy S Abdin
Haz Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165194
Last Updated: 11/27/2020
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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