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2025 W Le Marche Avenue Phoenix, AZ 85023

3 Beds 3 Baths 1,909 sqft Built 2006

$385,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $201.68
  • 3 Days on Market
  • MLS # : 6154783
  • Updated Date : 11/01/2020 at 12:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,909 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Impressive! New to market by original owner. Well-maintained with ton's of upgrades Pulte home in desirable gated Northgate community! New A/C's, painted inside and out, newer laminate/tile combo flooring. Comfortable large master suite (walk-in closet, dual vanities, separate shower and tub), designer colors throughout, convenient upstairs laundry room, and large 2-car garage. Open, flowing floor plan with functional eat-at island kitchen and pantry, great room, and dining room creating flexible living, entertaining, and WFH spaces. Want more than just a patio? Large, private, lushly landscaped back yard. Enjoy the amenities: two gated entrances, community pool, basketball court, greenbelts, and playgrounds. In-demand Northgate community rarely has homes like this on market -- don't wait

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k317k

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

Neighborhood: Northgate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,420
Property Tax -$230
Property Insurance -$64
HOA -$29
Property Management Fees -$99
CASH FLOW
$18

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.

$385,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.7%
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$0.0$5.0k$10k$15k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$30,390

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
  • $1,857

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7754$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 2025 W Le Marche Avenue Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,909 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2177 W Scully Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2009
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2142 W Scully Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2011
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 15925 N 21st Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2008
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.99
    •  
  • 2147 W Monte Cristo Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,871 Sqft ∙ Built 2008
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Sabina Smailbegovic
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154783
Last Updated: 11/01/2020
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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