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2010 N 17th Place Phoenix, AZ 85006

3 Beds 2 Baths 1,653 sqft Built 2001

$388,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $234.72
  • 2 Days on Market
  • MLS # : 6209981
  • Updated Date : 03/20/2021 at 07:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

GREAT HOME IN A VERY HIGH DEMAND AREA (DYNAMITE FLOOR PLAN). A PRACTICAL COUNTRY (LARGE) KITCHEN WITH DINNING AREA AND ALL EXISTING APLIANCES INCLUDED. THE HOME COMES WITH A GREAT ROOM AND A SPLIT MASTER BETHROOM WITH A BEAUTIFULL SPACIOUS MASTER BATHROOM. YOUR CLIENTS WILL LOVE THIS HOME FLOOR PLAN. UTILITY BILLS SHOULD BE LOW DUE TO THE HIGHLY EFFICIENT A/C UNIT AND THE SOLAR PANEL S SYSTEM FOR THE HOME WATER HEATER. YOUNG AND ACTIVE PRODUCING CITRUS FRUIT TREES ARE PART OF THE LANNDSCAPING. THE BACK IS ENCLOSED WITH A BLOCK FENCE. A LARGE SIZE STORAGE SHED IN THE BACK WILL BE VERY USEFULL FOR THE NEW FAMILY . HOME IS VACANT AND EASY TO SHOW! **WASHER/DRYER/REFRIGERATOR AND BUILT IN MICROWAVE ARE INCLUDED. **** BUYER REAL ESTATE AGENT TO VERIFY ALL FACTS AND INFO PROVIDED *

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PRICE & RENT TRENDS

Neighborhood: Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8161567

* 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
North High School High Regular 2,616 128 5
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

North High School

  • Education Level: High
  • # of students: 2,616
  • # of teachers: 128
5
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$349,200$426,800$388,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,348
Property Tax -$246
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$222

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.

$388,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.2%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,570

INVESTMENT

$108,570

Down Payment
$97,000
Rehab Estimate
$5,750
Closing Costs
$5,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,348

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,000
Loan Amount $291,000
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,077

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
  • $1,872

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5993$1,7504$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2010 N 17th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1731 E Cambridge Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,360 Sqft ∙ Built 2000
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.18
    •  
  • 2302 N Central Avenue #301 Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2007
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2851 E Pinchot Avenue Phoenix, AZ 4
    • 3 beds 4 baths ∙ 1,596 Sqft ∙ Built 2005 3 beds 4 baths ∙ 1,596 Sqft ∙ Built 2005
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.16
    •  
  • 3419 N 28th Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2003
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
PROPERTY LISTING DETAILS
Guillermo E Estrada
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209981
Last Updated: 03/20/2021
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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