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19828 N 14th Street Phoenix, AZ 85024

4 Beds 3 Baths 2,646 sqft Built 2001

$419,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $158.35
  • 5 Days on Market
  • MLS # : 6175684
  • Updated Date : 12/30/2020 at 23:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,646 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Desirable home in North Phoenix, No HOA, RV Gate and 3 Car Garage. Beautiful 4 bedroom 2.5 bath with nice open floor plan, nice sized kitchen with all stainless steel appliances and an island. Gorgeous backyard with lots of space, a spa and Mountain views. All of these on a large lot conveniently located off the 101 freeway & close to schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Gambare Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k370k

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

Neighborhood: Gambare Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342096

* 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
 

$377,100$460,900$419,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,546
Property Tax -$267
Property Insurance -$79
Property Management Fees -$99
CASH FLOW
$390

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.

$419,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$74,361

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
  • $2,408

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2503$2,4954$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 19828 N 14th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,646 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 729 E Irma Lane Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,766 Sqft ∙ Built 1999
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 20608 N 8th Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.85
    •  
  • 21020 N 16th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
  • 1734 E Beaubien Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Daniel Barraza
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175684
Last Updated: 12/30/2020
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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