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230 W Denton Lane Phoenix, AZ 85013

3 Beds 2 Baths 1,656 sqft Built 1978

$449,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $271.68
  • 2 Days on Market
  • MLS # : 6147707
  • Updated Date : 11/02/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Artsy North Central Phoenix home w/ private pool at Missouri Square! Home features natural light in all rooms, beamed living room ceiling, fireplace, floor to ceiling windows in dining area, multiple glass sliding doors to exterior, separate enclosed meditation courtyard/sitting area, butcher block countertops in kitchen w/ barter seating, stainless steel appliances, custom metal gate @ entry & most importantly a private backyard sanctuary w/ sitting areas, outdoor shower & pool. The split floor plan includes 3 beds & 2 baths. Generously sized master features walk in closet & dual vanity in bath. New A/C in 2017. Great starter home, downsizer or lock & leave. Unbeatable location, walk to coffee, restaurants, bars, shops & Bridle Path. Madison Schools!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Missouri Square

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Missouri Square

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Madison Simis Elementary School Primary Regular 951 43 9
Madison Meadows Middle School Middle Regular 845 40 8
Central High School High Regular 2,251 136 3

Madison Simis Elementary School

  • Education Level: Primary
  • # of students: 951
  • # of teachers: 43
9
GreatSchools Rating

Madison Meadows Middle School

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 40
8
GreatSchools Rating

Central High School

  • Education Level: High
  • # of students: 2,251
  • # of teachers: 136
3
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,660
Property Tax -$323
Property Insurance -$59
HOA -$53
Property Management Fees -$99
CASH FLOW
-$475

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.

$449,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,613

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
  • $1,917

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$2,1004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 230 W Denton Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 334 W Medlock Drive #b101 Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 1963
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 6349 N 10th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1995
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
  • 5726 N 10th Street #11 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 1980
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.21
    •  
  • 6125 N Central Avenue #11 Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 1965
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.14
    •  
PROPERTY LISTING DETAILS
Josh Wein
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6147707
Last Updated: 11/02/2020
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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